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Market for alcohol (generic) is desricbed with the below equation QD = 20 -0.5P QS = -25 +3P 1)How would we calculate the equilibrium price

Market for alcohol (generic) is desricbed with the below equation

QD = 20 -0.5P

QS = -25 +3P

1)How would we calculate the equilibrium price and qunanity in the market? Assuming the quantity is denominated in 1000s of cases/month

2)Suppose an excise tax is imposed $5/case paid by producer. What would be the new equilibrium price and quantity

3)What is the deadwight loss that is generated by the excise tax?

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