Suppose that the demand curve in the market for VCRs can be represented by the following demand and…

Suppose that the demand curve in the market for VCRs can be represented by the following demand and supply equation: Qd = 1,000 – 6 P Qs = 4P The government decides to impose a tax of 30 per unit sold on VCRs. a. Find the equilibrium quantity with the tax. b. Find the price paid by buyers

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