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Original Demand: P = 948 + (-9 Q)
Original Supply: P = 360 + 9 Q
An ad valorem tax of 47% is on supply.
After-tax Demand: P = 948 + (-9 Q)
After-tax Supply: P = 679.24528301887 + 16.981132075472 Q
Market price: P = 654
Market quantity: Q = 32.666666666667
Taxed price: P = 854.90196078431
Taxed quantity: Q = 10.344226579521
Total tax consumer pay: 2078.1754026229
Total tax producer pay: 2078.1754026229
Dead weight loss: DWL = 4484.621982998