Q3: Consider the market for pineapples in a small island nation. Qd = 80 - 2P…………1 And Qs = 20 + 3P………...2 a. What is the market equilibrium price and quantity? b. Suppose the government imposes a per unit tax of $6 on consumers, find the new market equilibrium? ( show your answers) c. What is the tax share tolerated by each consumer and producer.

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