question archive Suppose the demand for a product is given by P=60−2QP=60−2Q
Suppose the demand for a product is given by P=60−2QP=60−2Q
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Suppose the demand for a product is given by P=60−2QP=60−2Q. Also, the supply is given by P=10+3QP=10+3Q. If a $10 per-unit excise tax is levied on the buyers of a good, what will the deadweight loss created by this tax be?
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