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In this problem, p is the price per unit in dollars and is the number of units. If the weekly demand function is p - 116 - q
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ANS Given Demand function 5 p= 116-9 Supply function p= 4+79 P= 4+79 +t at equilibrium. 116-9 -4+72++ t = -9 -79 +112 Total tTwill maximum at q = 7 t=-q - 79 +112 5-7 - 772 +112 --7-49 +112 = -56 +112 - 56. Tax $56 per item will maximize total tax Re

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