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Please answer 5 and 6 D Question 5 0.3 pts The market of candy is described by Ys = -8 + 2P Yd = 32

Please answer 5 and 6

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D Question 5 0.3 pts The market of candy is described by Ys = -8 + 2P Yd = 32 - 0.5P Which result s in the market-optimal price of P=8 and output Y=16. The government decides that the socially-optimal output of candy is 4. To achieve that, it decides to impose an excise tax on consumers such that the effective price they feel (the cost of candy plus the tax) is so high they only want to buy 4 pieces. In your written work, modify the supply and demand functions and find the resulting market price. Graph the new market equilibrium. D Question 6 0.3 pts Continue from the previous question. Find the size of the excise tax

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