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Demand: P = 61 - 19 Q

Supply: P = 5 Q + 4

Tax is 16% on Demand

Find the Economic Incidence and the Dead Weight Loss.


Scroll all the way down to see the solutions

















































Dead Weight Loss: 0.12587669094693

Consumers Pay: 4.4223686264308

Producers Pay: 1.1637812174818

Qmkt: 2.375

Qtax: 2.2725806451613