Question: Assume that the demand function is given by \(X={{P}^{-n}}\) and the supply function given by \(Y={{P}^{e}}\). Find the equilibrium price. Determine the effect on the equilibrium price of the of the introduction of a tax t = 0.1 if n = e - 0.5

Finally describe how the incidence of the tax is divided between the consumers and the producers.