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3. Consider a market where the supply is given by Q3 = P and the demand is given by Q = 20P. (a) Suppose the

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3. Consider a market where the supply is given by Q3 = P and the demand is given by Q\" = 20P. (a) Suppose the government wants to raise 18315 by imposing per unit tax on this market. What tax rate will raise the required revenue and also mini- mize the dead weight loss? (13) What is the resulting equilibrium and the dead weight loss? What is the incidence of taxation? (e) Can you think of a method for raising 18 from this market that will (1) incur no dead weight loss and {2) be preferable to the per unit tax for both the producers and the consumers

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