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Suppose that the demand and supply functions for a good are given as follows: Demand: Q- 720 -8P Supply: Q5 = -160 + 3P Suppose

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Suppose that the demand and supply functions for a good are given as follows: Demand: Q- 720 -8P Supply: Q5 = -160 + 3P Suppose now that government imposes $22 tax per unit of output on sellers. What is the tax revenue for the government at the equilibrium? 704 484 1760 880

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