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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 10% ad valorem tax to be collected from sellers, what is the price consumers will pay? How much tax revenue is collected?
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
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ChronosChronos
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6 years ago
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