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ENTER THE FINAL ANSWER ONLY. NO WORKINGS, NO DOLLAR SIGNS. Given the following information: Demand: Qd = 200 - 5P Supply: Qs = 5P If

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ENTER THE FINAL ANSWER ONLY. NO WORKINGS, NO DOLLAR SIGNS. Given the following information: Demand: Qd = 200 - 5P Supply: Qs = 5P If a quantity tax of $2 per unit sold is imposed, (a) Considering that the government will earn revenue overall, do you think society benefits from such a move? Explain. Yes or No . Buyer price . Seller price . Quantity traded (b) Equilibrium price before the tax (c) Equilibrium quantity before the tax d) Demand and Supply equation after-tax. Demand equation . Supply equation (e) Buyer's price after-tax (f) Seller's price after-tax (g) Quantity after-tax (h ) Tax revenue (i) Deadweight loss of the tax (j) What determines whether the seller's buyer bears the tax burden? M

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