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Previous Page Question 6 (7 points) Suppose that the demand and supply functions for a good are given as follows: Demand: Q = 1080 -7P

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Previous Page Question 6 (7 points) Suppose that the demand and supply functions for a good are given as follows: Demand: Q" = 1080 -7P Supply: Q' =-120 +3P Suppose now that government imposes $60 tax per unit of output on sellers. What is the burden on sellers? 18 60 30 42 Previous Page Next Page Page 6 of 15

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