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l. The market demand and supply curves are linear: D(p) : a bp; S(p) : c + rip, and the government imposes a quantity tax
l. The market demand and supply curves are linear: D(p) : a bp; S(p) : c + rip, and the government imposes a quantity tax 75 on consumers. (a) Calculate the tax incidence to consumers and producers. (b) Calcualte the total tax collected by the government. Plot the Laffer curve
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