Essay
Suppose that the supply and demand equations for a certain product are 
and 
respectively,where p represents the price per unit in dollars and q represents the number of units per time period.
(a)Find the equilibrium price algebraically.
(b)Find the equilibrium price when a tax of 50 cents per unit is imposed.
Correct Answer:
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(a)p = 1
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Correct Answer:
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...
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