10. The demand and supply functions for hockey sticks are given by QD = 286 – 20P; QS = 88+ 40P. To raise revenue to finance minor hockey so that Canada can continue its gold medal streak at the Olympics, the federal government decides to impose a tax of $2 per hockey stick sold, to be paid by the buyers of hockey sticks. /4 a. Determine the equilibrium price and quantity of hockey sticks both before and after the tax. How is the burden of the tax shared between buyers and sellers? b. How many hockey sticks would be sold before the tax is imposed? After the tax?

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