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Original Demand: P = 686 + (-6 Q)
Original Supply: P = 96 + 10 Q
An ad valorem tax of 43% is on supply.
After-tax Demand: P = 686 + (-6 Q)
After-tax Supply: P = 168.42105263158 + 17.543859649123 Q
Market price: P = 464.75
Market quantity: Q = 36.875
Taxed price: P = 554.09836065574
Taxed quantity: Q = 21.983606557377
Total tax consumer pay: 1964.1992072024
Total tax producer pay: 3273.6653453373
Dead weight loss: DWL = 1774.028789304