Suppose that a market has the following supply and demand equations:
Demand: Q_D = 380 - 10p
Supply: Q_S = 80 + 5p
If the government imposes a specific tax of τ on suppliers,what will be the price buyers pay and sellers receive,quantity,and government revenue from the tax (as functions of τ).What tax level maximizes the revenue the government collects from the tax?

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The Answer of Suppose that a market has the following supply and demand equations: Demand: Q_D = 380 - 10p Supply: Q_S = 80 + 5p If the government imposes a specific tax of τ on suppliers,what will be the price buyers pay and sellers receive,quantity,and government revenue from the tax (as functions of τ).What tax level maximizes the revenue the government collects from the tax?

Suppose That a Market Has the Following Supply and Demand