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Suppose demand and supply of gasoline are given by the following linear functions: Qd = 100 - 20P Qs = 50 + 10P where Q

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Suppose demand and supply of gasoline are given by the following linear functions: Qd = 100 - 20P Qs = 50 + 10P where Q is the quantity in millions of litres and P is the price per litre. Suppose a tax of $0.90 per litre is imposed on gasoline. The deadweight loss equals: O A. $4.03 million OB. $2.13 million OC. $2.70 million OD. $3.33 million

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