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The market for high density foam rollers has demand and supply functions, respectively, 2p(P) = 2000- 8P e ,(P ) =720+ 120P Calculate the welfare-maximizing
The market for high density foam rollers has demand and supply functions, respectively, 2p(P) = 2000- 8P e ,(P ) =720+ 120P Calculate the welfare-maximizing equilibrium price and quantity. Round answers to 2 decimalsearest penny where applicable. p * = Q An $8 (unit) tax is implemented in the market. Calculate the market clearing prices and quantity. Round answers to 2 decimalsearest penny where applicable p P O' = This tax creates consumer, producer, and social burdens (dead-weight loss) of... A CS= 4 PS= A W ( DWL) =
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