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Assume that the demand for healthcare is given by Q = 20010p while supply is Q = 10p. a.What is the equilibrium price in the

Assume that the demand for healthcare is given by Q = 20010p while supply is Q = 10p.

a.What is the equilibrium price in the market?

Suppose that the government imposes a tax on producers of $4 per unit produced.Answer the following questions.

b.What is the new price to consumers after the tax is imposed?

c.How much revenue for the government is generated by the tax?

d.How much do producers loose in terms of producer surplus?

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