1. The monthly demand function is pp = 26,000,000 -qand the supply function %3D before taxation is ps = 1,000,000 + 3,750q, where q is in millions and p is in dollars. а. Find the equilibrium point. What tax per item will maximize the total tax revenue? What is the maximum revenue from the tax? How many items will have to be sold to get the maximum revenue from the tax? b. С. What is the equilibrium point after the tax? d. Graph the three functions, the demand function, the supply function before the tax and the supply function after the tax.

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