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Demand: P = 74 - 12 Q

Supply: P = 2 Q + 8

Tax is 13% on Supply

Find the Economic Incidence and the Dead Weight Loss.

Scroll all the way down to see the solutions

Dead Weight Loss: 0.23220286036272

Consumers Pay: 9.9053699373899

Producers Pay: 1.650894989565

Qmkt: 4.7142857142857

Qtax: 4.532154340836