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Unformatted text preview: __1,000 gallons __. d) What is the consumer surplus before the tax? ___$45,000 ___; after the tax? ___$20,000 ____. What is the producer surplus before the tax? __$45,000 __; after the tax? __$20,000 __. What is the dead weight loss associated with the tax? _____$10,000 _____. Note : This problem may also be constructed with algebraic expressions for demand and supply as follows: Demand : P = 60 10Q Supply : P = 10Q Supply + Tax: P = 20 + 10...
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This note was uploaded on 10/26/2009 for the course ECON 18000420 taught by Professor Bresnock during the Fall '09 term at UCLA.
 Fall '09
 BRESNOCK
 Producer Surplus

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