14. The demand for gasoline is P 5 0.002Q and the supply is P ...

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14. The demand for gasoline is P  5  0.002Q and the supply is P  0.2  0.004Q, where P is in dollars and Q is in gallons. If a tax of $1/gal is placed on gasoline, what is the incidence of the tax? What is the lost consumer surplus? What is the lost producer surplus?

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