Title The supply and demand equations for a good are respectively. The government decides to impose a tax,... Description   The supply and demand equations for a good are Qd=500-9p and Qs=-100+6p respectively. The government decides to impose a tax, t per unit of good. Find the value of t that maximizes the government’s total tax revenue on the assumption that equilibrium conditions prevail in the market. For this level of tax find: a) The equilibrium price, b) The equilibrium quantity, c) The total tax raised.

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