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Consider a perfectly competitive market with market supply Qs = - 2+P and market demand Qd = 30-P . Suppose the government imposes an excise
Consider a perfectly competitive market with market supply Qs = - 2+P and market demand Qd = 30-P . Suppose the government imposes an excise tax of $4 per unit on this market. What is total surplus of the society after the government imposes the tax?
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