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The market demand function for motorcycles is D[p] = 9m p, and the market supply function is S lip] = 200 + p. {a} 'What

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The market demand function for motorcycles is D[p] = 9m p, and the market supply function is S lip] = 200 + p. {a} 'What is the equilibrium price and quantity of motorcycles traded? {b} If the government requires buyers to pay a tax of $100 per motorcycle, what will be the new equilibrium quantity traded, and how much revenue will the government earn? In the new equilibrium, how much money per motorcycle do buyers pay, and how much money per motorcycle do sellers receive? {c} Suppose the government wants to raise $151,200 in revenue. A tax of how many dollars per motorcycle will result in that revenue? If more than one tax level will raise the same amount of revenue, which one results in the lowest deadweight loss

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