Assume the government tax 2 dollars for each unit of x sold.

Homework Assistance Economics Assume the government tax 2 dollars for each unit of x sold.

Economics

Assume the government tax 2 dollars for each unit of x sold.

Assume the government tax 2 dollars for each unit of x sold. Find the new equilibrium quantity, and… Show more Assume the government tax 2 dollars for each unit of x sold. Find the new equilibrium quantity, and PB as well as PS at that quantity. (2 pts) Also show me the distribution of tax on buyer and seller ( Hint:in equilibrium, there is always Qd=Qs and PB = PS+tax. You will need demand function and supply function for this problem. • Show less

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