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Economic Economics 5. Consider the following demand and supply curve of soft drinks: Demand: P=50-5QD Supply: P=5Qs The government imposed a tax of $10 per

Economic Economics

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5. Consider the following demand and supply curve of soft drinks: Demand: P=50-5QD Supply: P=5Qs The government imposed a tax of $10 per unit of soft drinks. The tax will be co from the sellers. a) Find the after tax equilibrium price and quantity. [4 points] Ans. New Supply: P= 10+5Q Demand=new supply

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