14 Draw the supply and demand curve for ice-cream. If the government imposes a tax on ice-cream,...

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14 Draw the supply and demand curve for ice-cream. If the government imposes a tax on ice-cream, show what happens to the price paid by buyers, the price received by sellers, and the quantity of ice-cream sold. In your diagram, show the deadweight loss from the tax. Explain the meaning of the deadweight loss.

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