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In a competitve market the demand function is Q d = 100-P and the supply function is Q s = P-10. In consequence of a
In a competitve market the demand function is Qd = 100-P and the supply function is Qs = P-10. In consequence of a new government decision there is 10 per unit tax. The sellers have to pay the tax in.
a, Calcualte the market price and the quantity sold after introducing tax!
b,How large is the tax revenue, the consumer surplus, the producer surplus and the deadweight loss of taxation?
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