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question below 10) In midMay, there is a spike in demand for owers. With the end of Mother's Day, the market for owers goes back

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10) In midMay, there is a spike in demand for owers. With the end of Mother's Day, the market for owers goes back to normal and is described by the following supply and demand equations: Q5241? QD260p where Q is the number of bouquets of owers, and the p is the price of one bouquet. a) Solve for the equilibrium price and quantity of bouquets of owers. b) The government wants to take advantage of this spike and decides to put a tax of T on buyers, so the new demand equation is QB : 60 (p + T). Solve for the new equilibrium price and quantity. What happens to the price received by sellers, the price paid by buyers, and the quantity sold? c) Using your answer to part (b), solve for the amount of tax revenue as a function of T. Graph this relationship for T between 0 and 30. d) Solve for deadweight loss as a function of T. Graph this relationship for T between 0 and 30. e) The government levies a tax of $5 per bouquet because it wants more money. Is this a good policy? Why or why not? Can you propose a better policy

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