The demand and supply schedules for tulips are
Price
Quantity Quantity
(dollars
demanded supplied
per bunch)
(bunches per week)
10
100
40
12
90
60
14
80
80
16
70
100
18
60
120
a. If tulips are not taxed, what is the price and how many bunches are bought?
b. If tulips are taxed $6 a bunch, what are the price and quantity bought? Who pays the tax?