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23 Sep 2018
Suppose that demand is given by Q = 117 - 1P while supply is given by Q = 3(P-T) - 17. Where T is a commodity tax placed on sellers. If the government set T = 3.67, what will be the size of the deadweight loss?
Suppose that demand is given by Q = 117 - 1P while supply is given by Q = 3(P-T) - 17. Where T is a commodity tax placed on sellers. If the government set T = 3.67, what will be the size of the deadweight loss?
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Irving HeathcoteLv2
25 Sep 2018