Determine the effect on equilibrium price of introduction, Microeconomics

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Determine the effect on equilibrium price of introduction

Problem

A monopolist faces an inverse demand function p=100-4q and her total cost of production is c=20q. Determine the effect on equilibrium price of the introduction of specific tax of value t=8. Is the tax over shifted? Justify your answer.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Determine the effect on equilibrium price of introduction

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Microeconomics: Determine the effect on equilibrium price of introduction

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