The inverse demand for oranges is defined by P(q) = 282 – 9q…
The inverse demand for oranges is defined by P(q) = 282 – 9q, where q is the number of units sold. The inverse supply functions is defined by P(q) = 7 + 2q. A tax of $22 is imposed on suppliers for each of orange sold. After the tax is imposed, the equilibrium quantity of oranges sold falls to