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a. Suppose the demand for insulin pumps is QD=2,000 and the supply of insulin pumps is QS=0.5P1,000. What is the price that sellers receive per

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a. Suppose the demand for insulin pumps is QD=2,000 and the supply of insulin pumps is QS=0.5P1,000. What is the price that sellers receive per pump? Suppose the govemment imposes a tax of $400 per pump on sellers. What after-tax price per pump do sellers receive? b. In the market for organic fruit, the elasticity of supply is 0.75 and the elasticity of dennand is 1.25. If there is a tax of $2 per unit on organic fruit, what share of the tax is paid by buyers and what share is paid by sellers? For the toolbar, press ALT +F10 (PC) or ALT+FN+F10 (Mac)

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