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suppose the demand for a product is given by P=60-2Q. Also, the supply is given by P=10+3Q.

suppose the demand for a product is given by P=60-2Q. Also, the supply is given by P=10+3Q. If a $10 per unit excise tax is levied on the buyers of a good, after the tax, the total quantity of the good sold is

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Impsoition of tax on buyers will change the demand function as follows: New demand function:... View the full answer

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