Suppose That a Certain Product Has the Following Demand and Supply

question 51

Multiple Choice

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 $44 tax is placed on each unit of the product of the following. What is the new equilibrium point?
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Definitions:

Fundamental Analysis

The assessment of a company's value by examining related economic, financial, and other qualitative and quantitative factors.

Common Dividends

Payments made to shareholders from a company's earnings, usually in the form of cash or additional stock, representing a portion of the earnings allocated to common stock.

Actual Growth Rates

Refers to the increase in a company's revenue or earnings, measured over a specific period, reflecting the real expansion of its business activities.

Stock Valuation Models

Mathematical models or methods used to determine the intrinsic value of a company's stock.