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The market for dry cat food has a supply and demand given by the following: QD = 1000 - 5p QS = 20p - 100
The market for dry cat food has a supply and demand given by the following: QD = 1000 - 5p QS = 20p - 100 If the government imposes a tax of $15, what will be the deadweight loss? DWL = _____450____ answer and explain the solution
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