Suppose the market demand is QD = 200 - P and market supply is QS = 4P - 100.
A. Suppose the government imposes a tax of t = 5 on producers. What is the incidence of the tax on consumers? Producers?
B. What is the deadweight loss of the tax?
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Home » Business » Suppose the market demand is QD = 200 - P and market supply is QS = 4P - 100. A. Suppose the government imposes a tax of t = 5 on producers. What is the incidence of the tax on consumers? Producers? B. What is the deadweight loss of the tax?