Plz solve its part iii with the help of supply and demand function
Plz solve its part iii with the help of supply and demand function 0.9. Tnere 10,000 individual buyers in tor commoaity X. each
by = 12 โ 2Px and t , OOO identical producers Of X. each
Izmction given by Qsx = 20Px,
Find the market demand function and the market supply function tor commodity X.
i/' Obtain the equilibrium price and equilibrium quantity.
ppose the government decides to collect a tax of 2 per unit sold trorn each
sellers Of commodity X What effect will this have on the equilibrium price and
commodity X?