Business, 17.09.2019 21:00 kayliehernandez

The demand and supply curves are given by q=110−2p and q=3p−50, respectively; the equilibrium price is $32 and the equilibrium quantity is 46 units. a sales tax of 7% is imposed on the consumer. (a) find the equation of the new demand and supply curves. enter the exact answer. demand: q= supply: q= (b) find the new equilibrium price and quantity. round your answers to two decimal places. p=$ number q= number units

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The demand and supply curves are given by q=110−2p and q=3p−50, respectively; the equilibrium price...