document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1040208>Question 1040208</A>: <I><SPAN STYLE=\"word-break: break-all;\"> let p=0.09q + 50 be the supply equation for a manufacturer. the demand equation for his product is p = 0.07q + 65. if a tax of n1.50 per unit is to be imposed on the manufacturer, how will the original equilibyium price be effected if the demand remains the same? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #655595 by </B><A HREF=/tutors/aboutme.mpl?userid=JoelSchwartz><B>JoelSchwartz(130)</B></A><img src=\"/images/stars/stars-09.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=JoelSchwartz><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=655595\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The equilibrium price is when the supply equation is equal to the demand equation.<BR>\n" );
document.write( ".09q+50=.07q+65<BR>\n" );
document.write( ".02q=15<BR>\n" );
document.write( "100*.02q=100*15<BR>\n" );
document.write( "2q=1,500<BR>\n" );
document.write( "q=750<BR>\n" );
document.write( "the equilibrium price is .07*750+65=117.5<BR>\n" );
document.write( "when i add the tax of 1.5 per unit to the equilibrium price i get 1.57*750+65=1,242.5<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );