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The agribusiness extension team at Clemson University estimated the following demand and supply curves for the local market for top sirloin beef, where Qd is

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The agribusiness extension team at Clemson University estimated the following demand and supply curves for the local market for top sirloin beef, where Qd is quantity demanded and Qs is quantity supplied, in pounds per hour. Price is per pound of beef. Qd=20-2Pd Qs=Ps-1 A) What is the equilibrium price in this market? B) What is the equilibrium quantity? C) What is the consumer surplus in dollars? How about the producer surplus? D) Suppose the city of Clemson imposes a tax of $0.75 per pound of beef, what is the producers' price (Ps) after the tax? And the consumers' price (Pd)? E) How many pounds of beef would be sold per hour after the tax

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