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The market has the following demand and supply functions and tax that is added to the market: Demand : P = 1500- 0.05Q Supply: P
The market has the following demand and supply functions and tax that is added to the market:
Demand : P = 1500- 0.05Q
Supply: P = 120 + 0.01Q
Tax= $15
Find the total tax revenue:
***Instructions: Round your answer to two decimal places.***
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