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To discourage the consumption of sugary drinks, the government imposes a per unit tax of 2 on the sellers. The demand and supply for sugary
To discourage the consumption of sugary drinks, the government imposes a per unit tax of 2 on the sellers. The demand and supply for sugary drinks is given by Q=10-p and Q=p respectively. What fraction of the economic incidence of the tax is borne by consumers?
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