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Cnsider a market with supply,r {2363} = 219 and demand Qge} = 1. Gnsider a. per 1111: tax i = .5. [a] [u the same

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Cnsider a market with supply,r {2363} = 219 and demand Qge} = 1. Gnsider a. per 1111\": tax i = \".5. [a] [u the same diagram. draw the supply,r curve and the demand curve. [b] ISalculate the competitive equilibrium price p\" and quantity Q" [in absence of the tax]. [c] Calculate the price paid by the censulner pg, the price received by the pruducer p3. and the equilibrium quantity.F Q: in presence of the tax it = [1.5. [d] How E tax burden distributed between predueer and consumer? Give an intuitien for the distribution of the tax burden in terms cf elasticity of demand and elasticity ef supply

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