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The demand curve is Qd(p) = 100 5p and the supply curve is Qs(p) = 5p. Please calculate the dead-weight loss of the tax, when
The demand curve is Qd(p) = 100 5p and the supply curve is Qs(p) = 5p.
Please calculate the dead-weight loss of the tax, when A value (ad valorem) tax of 20 percent is placed on the good.
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