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Sir i am stuck for this question 2. Consider a market with demand given by Q; = a bp and supply given by GS =

Sir i am stuck for this question

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2. Consider a market with demand given by Q; = a bp and supply given by GS = dp. Suppose the government imposes a tax per unit equal to T. a. [5 Marks] Suppose that d > 0, what must the value of b be for consumers to bear the whole burden of the tax? Now suppose that b > 0 what must the value of d be for suppliers to bear the whole burden of the tax? b. [10 Marks] Find an expression for the deadweight loss generated by the tax. 6. [5 Marks] Suppose the government wishes the equilibrium quantity to be (iwhich is less than the equilibrium quantity, what should the tax be per unit of good

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