Supply and demand for a certain type of garden hose follow the equations below. The market is initially in equilibrium at p* = $32 and X* = 80. With a tax of $2.10, what price will buyers pay for garden hoses? (25 points)Demand: X = 40,960p-1.8                                    Supply: X = 56 + 0.75p

Supply and demand for a certain type of garden hose follow the equations below. The market is initially in equilibrium at p* = $32 and X* = 80. With a tax of $2.10, what price will buyers pay for garden hoses? (25 points)Demand: X = 40,960p-1.8                                    Supply: X = 56 + 0.75p

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