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You are given: (i) (11 Q = 50 -1.25P, where Q is quantity and P is price. Supply is given by Q = 5P. The
You are given: (i) (11 Q = 50 -1.25P, where Q is quantity and P is price. Supply is given by Q = 5P. The government imposes a sales tax of 0.10. (111) What proportion of the tax is borne by consumers
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