Determine the equilibrium price and quantity

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Reference no: EM132206720

Question: The demand and supply functions for hockey sticks are given by

Qd=286-20p

Qd=88=40p

The government decides to add a 2$ tax per hockey stick sold to be paid by the buyers. Determine the equilibrium price and quantity both before and after the tax.

Reference no: EM132206720

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