The demand and supply curves for a product are given in terms of price, p, by q = 4600 - 40 p and q = 10 p - 400. Find the equilibrium price and quantity. The equilibrium price is $ and the equilibrium quantity is units. A specific tax of $ 15 per unit is imposed on suppliers. Find the new equilibrium price and quantity. The new equilibrium price (including tax) is $ and the new equilibrium quantity is units. How much of the $ 15 tax is paid by consumers and how much by producers? The tax paid by the consumer is $ , and the tax paid by the producer is $ of the tax. What is the total tax revenue received by the government? The total tax revenue received by the government is $ .
