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Question 24 (25 points) Saved 13 Suppose that the weekly market demand curve for bananas is given by P = 40 - Q. A -

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Question 24 (25 points) Saved 13 Suppose that the weekly market demand curve for bananas is given by P = 40 - Q. A - At what price does the quantity demanded of bananas become zero? [2 marks] B - Determine the equilibrium price for the market if the weekly supply is given by P = 10 + 0.5Q. 18 [3 marks] C - Calculate the size of the consumer and producer surplus in $ per week [7.5 marks] D - Calculate the new market price (the price that consumers will pay) if the government implements a $6 per kilogram banana tax and the tax is collected from the sellers. [5 marks] E - Calculate the tax revenue [2.5 marks] F - Calculate the dead-weight loss generated by the government intervention. [5 marks]

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