Suppose that the demand curve for wheat is Q = 100 - 10p and that the supply
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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
τ = 1 per unit on the equilibrium, government tax revenue, CS, PS, welfare, and DWL? M
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Microeconomics Theory And Applications With Calculus
ISBN: 9780133019933
3rd Edition
Authors: Jeffrey M. Perloff
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