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The following market for steal is at the equilibrium E1. What are the equilibrium price P1 and quantity Q1? If The government decides to regulate

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The following market for steal is at the equilibrium E1. What are the equilibrium price P1 and quantity Q1? If The government decides to regulate this market by imposing a tax of $2. What are the new equilibrium price P2 and quantity Q2? Calculate the corresponding tax revenue after the government decision and the resulting deadweight loss from the imposed tax.

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