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Business, 19.10.2021 23:40 triggercell

In the whisky market the demand takes the form: P = 200 – 20Q, while the supply is represented by the following equation: P = Q + 50 (Q – thousand of barrels, P – price for one bottle). Find the
equilibrium price and quantity.
On the 1st January (next year), the government will impose on spirits consumers a mandatory
contribution (tax) of 20 per bottle. Decision is designed to fight alcoholizm. What will be the
final effect for the whisky market (find the new equilibrium point).

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