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Solve clearly 0.3. (20 Points) The demand and supply of Q is given as follows; QD=30 (P/3), QS=(P/2) 3 a. Calculate the equilibrium quantity and
Solve clearly
0.3. (20 Points) The demand and supply of Q is given as follows; QD=30 (P/3), QS=(P/2) 3 a. Calculate the equilibrium quantity and price. b. The unit tax of $24 is levied on production of Q. Calculate after tax quantity and price, as well as tax revenue. c. Calculate the excess burden of the unit tax of $24Step by Step Solution
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