The demand for football tickets is Q = 360 10P and the supply of football tickets
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The demand for football tickets is Q = 360 – 10P and the supply of football tickets is Q = 20P. Calculate the gross price paid by consumers after a per-ticket tax of $4. Calculate the after-tax price received by ticket sellers.
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For this answer it does not matter whether the tax is added to the price paid by the consumers or s...View the full answer
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