market shock

Find the critical point(s) x2e-x, and determine if it (they) is (are) maximum, minimum, or inflection point(s).

For a market, assume that the supply function is given by QS = 0.5P – 10 and the demand function is given by QD = 80 – 0.5P. Write out the inverse supply and demand functions. Find the equilibrium market price and quantity. A sales tax is levied on buyers with a tax rate of […]

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