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Consumers pay a$10.00sales tax per unit on safari excursions. If the demand and supply functions for safari excursions are, S(p) = 3p D(p) = 100-2p
Consumers pay a$10.00sales tax per unit on safari excursions. If the demand and supply functions for safari excursions are,
S(p) = 3p
D(p) = 100-2p
What is the price consumers pay?
What is the difference in the equilibrium quantity before and after the tax is imposed?
What is the deadweight loss?
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