Solve for consumer surplus and producer surplus

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Reference no: EM13149874

Qd= 360-P Qs= 5p-90 Equilibrium price= $75 Equilibrium Quantity= $285 a) solve for the new equilibrium quantity, the sellers price, and the consumer's price if the government imposes a $12 per unit tax. b) solve for consumer surplus, producer surplus, government revenue, and total surplus with the tax. c) solve for the change in consumer surplus, the change in producer surplus, the change in government revenue, and change in total surplus.

Reference no: EM13149874

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