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Suppose that a market is initially in equilibrium.The initial demand curve is P = 90 -Q^d . The initial supply curve is P=2Q^s .Suppose that
Suppose that a market is initially in equilibrium.The initial demand curve is P = 90 -Q^d . The initial supply curve is P=2Q^s .Suppose that the government imposes a $3 tax on this market.What is the dead-weight loss due to the tax?
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