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Suppose that instead of a supply-demand diagram, you are given the following information:
Qs = 100 + 3P Qd = 400 - 2P
From this information compute equilibrium price and quantity. Now suppose that a tax is placed on buyers so that
Qd = 400 - 2P + T).
If T = 15, solve for the new equilibrium price and quantity. Note: P is the price received by sellers and P + T is the price paid by buyers.) Compare these answers for equilibrium price and quantity with your first answers. What does this show you?
Urinary
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The existence of a disease or abnormal condition in a body or plant.
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Refers to a condition or feeling characterized by anxiety, apprehension, or a sense of heightened awareness, often related to the nervous system.
Pathology Present
The state in which a disease or abnormal condition is actively manifesting in a body or sample.
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