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13. Chapter 2: Assume that the gasoline demand in a Euroland is Qd = 150 - 50P, while the supply is Qs = 60 +
13. Chapter 2: Assume that the gasoline demand in a Euroland is Qd = 150 - 50P, while the supply is Qs = 60 + 40P, (Q is in billions of litters). The government puts a tax on gasoline of E 0.50 per litter. (i) ( ii) (1 point) Calculate the price and quantity before and after the tax. (2 points) Estimate how much the consumers and producers will pay to the government. (iii) (1 point) Estimate also the deadweight losses to the Euroland
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