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Market demand for calculators is P = 300 – 3Q and market supply is P =...

Market demand for calculators is P = 300 – 3Q and market supply is P = 20 + 2Q. A) Calculate market equilibrium price and quantity. B) How many calculators will be traded if a $10/unit sales tax is implemented? C) Does it matter if we impose this tax on suppliers or consumers? Why? D) At market equilibrium, is demand more or less elastic than supply? E) Calculate the effects of the tax on consumer surplus, producer surplus, tax revenue, and deadweight loss.

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