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The market for dry cat food has a supply and demand given by the following: Q0: 10005p Q5: 20p 100 1. [2 points] What is
The market for dry cat food has a supply and demand given by the following: Q0: 10005p Q5: 20p 100 1. [2 points] What is the consumer and producer surplus? cs = _60,840 PS = 15,210_ 2. If the government imposes a tax of $15, what will be the deadweight loss? DWL = 450
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