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Mairoon Mairoon
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6 years ago
Suppose the market for grass seed can be expressed as

Demand: QD = 100 - 2p
Supply: QS = 3p

If government imposes a $5 specific tax to be collected from sellers, what is the price consumers will pay? How much tax revenue is collected? What fraction is paid by sellers?
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
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LBCeaLBCea
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6 years ago
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Mairoon Author
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#2
5 years ago
Perfect
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