qd500-5p and qs2p-60what are the equilibrium, Macroeconomics

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qd500-5p and qs2p-60what are the equilibrium

Qd=500-5P and Qs=2P-60

What are the equilibrium quantity and price?

How much consumer surplus exists in this market?

If a $2 excise tax is levied on this good, what will happen to the equiilibruim price and quantity?

What will the consumer surplus be after the tax?

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Macroeconomics: qd500-5p and qs2p-60what are the equilibrium

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Macroeconomics: qd500-5p and qs2p-60what are the equilibrium

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