Equilibrium Price & Quantity of Supply & Demand Qs

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SUMMARY

The discussion focuses on determining the equilibrium price and quantity in a supply and demand model where the supply function is defined as S = 2(p-t) and the demand function as D = 100-p. The equilibrium condition requires that supply equals demand (S = D). By equating the two functions, the user derives the equation 2(p-t) = 100-p, leading to a relationship between the equilibrium price (P*) and the tax (t). The user expresses uncertainty about solving for P* without additional information, indicating the complexity of the problem.

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garyljc
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Given p is the price for buyers
and p-t be the price that suppliers get after paying a tax per unit of t
Supply is 2(p-t) and Demand is 100-p
a.) what is the equilibrium price ?
b.) how many quantities are sold at this price?

i'm stucked with the first one , all i know is that when it is equilibrium , S = D
i did equate it but i have 2 unknowns .. should i give the P* (equilibrium price) in terms of t ?
 
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I do not believe that you can answer this question without more information. You can certainly simplify it, though.

S=D
2(p-t)=100-p
t=3x/2-50
 

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