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The inverse demand function for a product by a company that montizes the market is given...

The inverse demand function for a product by a company that montizes the market is given by v = 200 - 0.03m and supply is given by v = 0.05m

a) Draw and calculate market balance (show price & quantity and a picture)

b)The product damage to society is 70$ per unit. The government uses Pigovjan tax on the production of the company. Update the picture from a) in regards to the Pigovjan tax/1b.

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Rahul Sunny answered 2 years ago
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