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Suppose that a certain product has the following demand and supply functions, where p is the price per unit in dollars and q is the quantity produced.
Demand: Supply:
If a $15 tax per item is levied on the supplier, who passes it on to the consumer as a price increase, find the market equilibrium point after the tax.
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A term referring to individuals who have reached an advanced age, generally considered to be 65 years or older in many societies.
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An Off Campus Job refers to employment opportunities located outside of the educational institution's premises.
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An individual of the male gender who is enrolled in an educational institution to obtain knowledge or skills.
Probability
A numerical measure that expresses the likelihood of a specific event occurring, ranging from 0 (impossible) to 1 (certain).
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