5.2 Suppose that the demand curve for wheat is Q = 100 - 10p and that the...

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5.2 Suppose that the demand curve for wheat is Q = 100 - 10p and that the supply curve is Q = 10p. What are the effects of a specific tax of

 = 1 per unit on the equilibrium, government tax revenue, CS, PS, welfare, and DWL? M

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Microeconomics With Calculus

ISBN: 9780273789987

3rd Global Edition

Authors: Jeffrey M. Perloff

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