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Given that the demand for goods function is P = 12 - 2 Qd and function the supply of goods is P = 3 +
Given that the demand for goods function is P = 12 - 2 Qd and function the supply of goods is P = 3 + Qs, where Q is the quantity and P is the price of the item. If the goods are taxed equal to T = 2, then determine a) The point of market balance before tax b) The point of market equilibrium after tax. c) Draw the before and after supply and demand curves taxable
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