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Using the equations shown below,answer the following questions.
QD = a - bP
QS = c + dP
a.What is the equilibrium price and quantity in this market
b.Assuming a tax of T is imposed on the seller side,what is the equilibrium price and quantity after the tax
c.What is the effective price the sellers receive
Validity Assessment
The process of evaluating the extent to which a test or measurement accurately reflects or assesses the specific concept it is intended to measure.
Independent Variable
In research, a variable that is manipulated or changed by the researcher to determine its effect on another variable, called the dependent variable.
Control Group
In experimental research, a group of subjects that does not receive the experimental treatment and is used as a benchmark to measure the effect of the treatment on the experimental group.
Human Participants
Individuals who take part in research studies or experiments, contributing data through their actions, behaviors, or biological samples.
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