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first question Market demand and market supply are given by Qd = 1500 - 50P and Qs = 200P - 50. Suppose the government places

first question

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Market demand and market supply are given by Qd = 1500 - 50P and Qs = 200P - 50. Suppose the government places a tax of $5 on the producers. What is the after-tax equation? "DO NOT use Qd or Qs in your response. "Only use P in your response. 'DO NOT include spaces. Your response should look like this: 88-2P (This is not the answer.) ASuppose that the equilibrium quantity in the market for widgets has been 200 per month. Then a tax of $5 per widget is imposed. The price paid by buyers increases by $2 and the after-tax price received by sellers falls by $3. The government is able to raise $750 per month in revenue from the tax. What is the deadweight loss from the tax? O a) $50 O b) $75 ( c) $125 (d) $250Market demand is given as Q = 140 - 4P Market supply is given as QS = 2P - 10 Suppose the government implements a tax of $9 on consumers. What is the value of the deadweight loss due to the tax? ( a) $96 O b) $48 O c) $60 O d) $54

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