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The inverse demand function for cases of whiskeydefined byp=160-6q, and the inverse supply functionis defined byp=61+3q. Originally there was no taxon whiskey. Then the government
The inverse demand function for cases of whiskeydefined byp=160-6q, and the inverse supply functionis defined byp=61+3q. Originally there was no taxon whiskey. Then the government began to tax suppliers of whiskey $27 for every case they sold. How muchdid the price sold by producers decrease when the newequilibrium was reached?
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