Using the Equations Shown Below,answer the Following Questions

question 220

Essay

Using the equations shown below,answer the following questions.
Q_D = 100 - 2P
Q_S = -20 + 2P
a.What is the equilibrium price and quantity in this market
b.Assuming a tax of $10 is imposed on the buyer side,what is the equilibrium price and quantity after the tax
c.How much of the tax will the buyers pay
d.How much of the tax will the sellers pay
e.What is the effective price the buyers pay

---

Definitions:

Headache

A painful sensation in any part of the head, ranging from sharp to dull, that may occur with other symptoms.

Pathology Present

Indicates the presence of disease or pathological changes in an organism.

Urinary Frequency

A condition characterized by the need to urinate more often than usual.

Fascia

A fibrous membrane covering, supporting, and separating muscles; may also unite the skin with underlying tissue.