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it is known that the demand function of gasoline is Qd=1500500P, and the supply function is. Q3=600+400P, where @de is the demand for gasoline, and
it is known that the demand function of gasoline is Qd=1500500P, and the supply function is. Q3=600+400P, where @de is the demand for gasoline, and the unit is: million gallons; 9,; is gasoline supply, unit: million gallons; P is the price, expressed in dollars. The current government has decided to impose a tax of 40 cents {$0.40) per gallon on gasoline suppliers, requiring: (1) Please calculate how much tax consumers and suppliers bear respectively. {4) (2) Please calculate the deadweight loss caused by government tax collection. (4)
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