i.If the market conditions for a given good are specified by Qd=60,000-500P and Qs=500P, If government decides to set the price at 40 current units, what policy is this? What are the implications of this action?                ii.If the government imposes a tax of Gh¢20 on the good above, establish the new equilibrium price and quantity and deduce the burden of tax on consumer and producer and identify the nature of commodity in question

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