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Consider the market for pork illustrated in the graph. Suppose initial demand (D') is Q = 290 – 20p and supply (S') is Q = 80 + 40p and that a $3.00 tax is charged to consumers, shifting the demand curve to D. Using the original and after-tax pork demand functions and the supply function, derive the initial equilibrium price and quantity and the after-tax equilibrium price and quantity. (Enter all responses using real numbers rounded to two decimal places) P1 P2 ey. The equilibrium price is initially $ 3.5 per kg. After the tax, the new equilibrium price is $ per kg. D2 Q, Q1 Q, Million kg of pork per year D1 22 étv OCT 2 6N Jad s 'd

Consider the market for pork illustrated in the graph. Suppose initial demand (D') is Q = 290 – 20p and supply (S') is Q = 80 + 40p and that a $3.00 tax is charged to consumers, shifting the demand curve to D. Using the original and after-tax pork demand functions and the supply function, derive the initial equilibrium price and quantity and the after-tax equilibrium price and quantity. (Enter all responses using real numbers rounded to two decimal places) P1 P2 ey. The equilibrium price is initially $ 3.5 per kg. After the tax, the new equilibrium price is $ per kg. D2 Q, Q1 Q, Million kg of pork per year D1 22 étv OCT 2 6N Jad s 'd

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Consider the market for pork illustrated in the graph. Suppose initial demand (D') is Q= 290 – 20p and supply (S') is Q = 80 + 40p and that a $3.00 tax is charged to consumers, shifting the demand curve to Dʻ. Using the original and after-tax pork demand functions and the supply function, derive the initial equilibrium price and quantity and the after-tax equilibrium price and quantity. (Enter all responses using real numbers rounded to two decimal places) The equilibrium price is initially $ 3.5 per kg. P2 After the tax, the new equilibrium price is $ per kg. D2 Q2 Q1 Q, Million kg of pork per year 22 étv 2 MacBook Air DII 80 F8 F9 F7 F6 F4 F5 F2 F3 & 云。 p. $ per kg * %24
Transcribed Image Text:Consider the market for pork illustrated in the graph. Suppose initial demand (D') is Q= 290 – 20p and supply (S') is Q = 80 + 40p and that a $3.00 tax is charged to consumers, shifting the demand curve to Dʻ. Using the original and after-tax pork demand functions and the supply function, derive the initial equilibrium price and quantity and the after-tax equilibrium price and quantity. (Enter all responses using real numbers rounded to two decimal places) The equilibrium price is initially $ 3.5 per kg. P2 After the tax, the new equilibrium price is $ per kg. D2 Q2 Q1 Q, Million kg of pork per year 22 étv 2 MacBook Air DII 80 F8 F9 F7 F6 F4 F5 F2 F3 & 云。 p. $ per kg * %24
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