Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand functions are given. Supply: p=85q Demand: p=−q2+5,000
The equilibrium quantity is q= at price p=$

$3720

step-by-step explanation:

taxable income = $31000

as per the 2018-2019 us tax bracket, the tax rate is 12% for an individual whose taxable income is between $9,526 to $38,700.

so, the tax to be paid by him = 12% of 31000

= 0.12 * 31000     [12% converted to decimal as 0.12]

= $3720

the answer is 8.64

step-by-step explanation:

this is a good question! i'll do some research and come back when i have the answer!