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What is the market equilibrium price and quantity?

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Question;Demand in a perfectly competitive market is Q = 100? P. Supply in that market is Q = P? 10.(1) What is the market equilibrium price and quantity?(2) Given that price and quantity, how much consumer surplus, producer surplus, and dead- weight loss is there?(3) If the government imposes a $10 per unit sales tax, what is the new equilibrium price and quantity? Once the government imposes the tax, how consumer surplus, producer surplus, and dead-weight loss is there?

 

Paper#56916 | Written in 18-Jul-2015

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