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Homework answers / question archive / Find the equilibrium price and quantity in each of the following markets: i) Qd= 6-2p, Qs=3+p ii) Qd=10-5p, Qs=3+p iii) Qd =1-p, Qs=3+p

Find the equilibrium price and quantity in each of the following markets: i) Qd= 6-2p, Qs=3+p ii) Qd=10-5p, Qs=3+p iii) Qd =1-p, Qs=3+p

Marketing

Find the equilibrium price and quantity in each of the following markets:

i) Qd= 6-2p, Qs=3+p

ii) Qd=10-5p, Qs=3+p

iii) Qd =1-p, Qs=3+p. Comment on the situation in market

What would be the effect of a purchase/sales tax of 1 cent per item in (ii) above, if p measures price in cents? Explain your answer.

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