Consider the following inverse demand and supply functions: 𝐷(𝑄) = 260 ― 2𝑄 𝑆(𝑄)

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Consider the following inverse demand and supply functions: 𝐷(𝑄)
= 260 ― 2𝑄 𝑆(𝑄) = 140 + 𝑄 a. Solve for equilibrium price and
quantity. b. Illustrate this market making sure to include all
intercepts. c. Assume that the government now applies a per unit
tax of $12, 𝑡 = 12, to the supply side of this market. Specify the
new supply function (St) and calculate the new equilibrium price
and quantity. Add this to your diagram in b. d. Calculate the
economic incidence of this tax.