It is given that the Inverse Demand is p =180-4q, and Inverse Supply is p = 40+3q. a. Explain the meanings of the nubmers. b. Find the equilibrium price and the equilibriun quantity. c. Calculate the Consumer Surplus and the Producer Surplus. Suppose the Government issue a unit tax of 35 dollars on consuemrs. d. Calculate the effect on the quantity sold at equiliburium.

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