6.1 If the inverse demand function for books is p = 60 - Q and the supply...

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6.1 If the inverse demand function for books is p = 60 - Q and the supply function is Q = p, what is the initial equilibrium? What is the welfare effect of a specific tax of t = $2? A

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Microeconomics

ISBN: 9780133456912

7th Edition

Authors: Jeffrey M. Perloff

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