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Hi there, can you please help me to solve these questions? he tax has remained the same $75 in 2010 dollars. The demand for airline

Hi there, can you please help me to solve these questions?

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he tax has remained the same $75 in 2010 dollars. The demand for airline tickets has not only shifted to the it, but it has also become relatively elastic since 1950. the graph, show the potential deadweight loss and revenues generated by the same $75 worth of taxes in 2010. ote: You will not be graded on your placement of any of the objects on the graph.) PRICE (Dollars per ticket] 1000 Demand w/Tax 4 900 Demand 2010 Tax Revenue 800 Supply 2010 Deadweight Loss 700 600 500 100 200 300 400 500 QUANTITY [Tickets per day) Help Clear All Comparing its effect on the market in 1950 to its effect today, the tax used to generate deadweight loss and tax revenue than it does today. 5 W

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