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Suppose the market for grass seed can be expressed as Demand: Qd=40-5p Supply: Qs=10P-20

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Suppose the market for grass seed can be expressed as Demand: Qd=40-5p Supply: Qs=10P-20. If the government collects $1.5 tax from sellers .

How much will the quantity demanded change from the amount demanded before the tax?

Calculate the tax incidence on buyers ?

what price will sellers receive after the tax?

2) The Demand and supply curve function of wheat are given by the two equations: D: P=400-5Q

S: P=3Q+24. Deduct the supply function of wheat in the form of

Q=f (P)