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Question 5 10 pts Topic: Taxes Consider the following supply and demand functions in a market: Q=3P o=24-p Suppose the government imposes a tax rate

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Question 5 10 pts Topic: Taxes Consider the following supply and demand functions in a market: Q=3P o=24-p Suppose the government imposes a tax rate t*=8 on demand. Compute the total economic tax burden (incidence) on producers (after tax t* is imposed). (Enter your answer to one integer. For "8", you would write 8)

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