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1. In. The demand and supply function for hockey sticks are given by QIFEE - EDP and Q's: EE+4R In order to raise revenue to
1. In. The demand and supply function for hockey sticks are given by QIFEE - EDP and Q's: EE+4R In order to raise revenue to nance miner hockey so that Canada can continue its gold medal streak at the ICZJIlympic= the federal government decided to impose a tax of $2 per hockey stick sold= to be paid by the buyers of hockey sticks. a} Determine the equilibrium price and quantity for hockey stick both before and after the tax. How is the burden of tax shared between buyers and seller\"? b} HEW many hockey sticks '-'Dld be sold before the tax is imposed? After the tax? c) Graph the supply and the demand curve for hockey both before and after the tax, clearly showing the equilibrium outcomes. d) 1|What would happen if the sellers of hockey sticks instead of the buyers paid the tax
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