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A supply curve has equation q = 5p - 22, where p is price in dollars. A $2 tax is imposed on suppliers.

Find the equation of the new supply curve.
q =

User Stsquad
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Answer:
q=5p-32

Explanation:

The equation of the old supply curve is:


q = 5p - 22

Where
p is the price in dollars.

According to the exercie,a $2 tax is imposed on suppliers; this means that
p changes for the suppliers. This changed can be expresed as:


p-2 .

Therefore,in order to find the equation of the new supply curve. you must substitute
p-2 into the equation
q = 5p - 22 .

Then:


q = 5(p-2) -22

Simplifying, you get:


q = 5p-10 -22\\\\q=5p-32

User WalkingRandomly
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