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d S Suppose the demand function for certain good is given by Q=500-P and the supply function for that same good is given by
d S Suppose the demand function for certain good is given by Q=500-P and the supply function for that same good is given by Q=4P Suppose the government levies a tax of 20 per unit of the good on consumers, so P =P + 20. What are the equilibrium price and quantity for this good after the tax is levied on consumers? OP=20, P=0, Q=21 S d OP=96, P=116, Q=384 S d OP=20, P=20, Q=10 S d OP =0, P=20, Q=34 S d d S
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