The market for tennis racquets in a small town is represented by the following demand and supply equations:
Q_D = 200 - P
Q_S = -50 + P
Calculate the following (treat each point as a separate scenario):
(a) The equilibrium price and quantity.
(b) The equilibrium price and quantity after a $10 tax on the supplier.
(c) The equilibrium price and quantity after a $10 tax on the consumer.
(d) The equilibrium price and quantity after the government sets a price ceiling of $100.
(e) The equilibrium price and quantity after the government sets a price floor of $110.
(f) The equilibrium price and quantity after the government sets a quantity restriction of 75 units and an increase in the demand for racquets by 50.

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The Answer of The market for tennis racquets in a small town is represented by the following demand and supply equations: Q_D = 200 - P Q_S = -50 + P Calculate the following (treat each point as a separate scenario): (a) The equilibrium price and quantity. (b) The equilibrium price and quantity after a $10 tax on the supplier. (c) The equilibrium price and quantity after a $10 tax on the consumer. (d) The equilibrium price and quantity after the government sets a price ceiling of $100. (e) The equilibrium price and quantity after the government sets a price floor of $110. (f) The equilibrium price and quantity after the government sets a quantity restriction of 75 units and an increase in the demand for racquets by 50.

The Market for Tennis Racquets in a Small Town Is