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2. Suppose the inverse market demand function for a good is given by p = 100 - 2q, and the inverse supply function is given
2. Suppose the inverse market demand function for a good is given by p = 100 - 2q, and the inverse supply function is given by p = 20 + 2q. Suppose the government begins to tax $12 for every unit of the good sold. What is the equilibrium price paid by consumers? What is the deadweight loss
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