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Original Demand: P = 822 + (-6 Q)
Original Supply: P = 61 + 2 Q
An ad valorem tax of 5% is on supply.
After-tax Demand: P = 822 + (-6 Q)
After-tax Supply: P = 64.210526315789 + 2.1052631578947 Q
Market price: P = 251.25
Market quantity: Q = 95.125
Taxed price: P = 261.03896103896
Taxed quantity: Q = 93.493506493507
Total tax consumer pay: 915.20429246078
Total tax producer pay: 305.06809748693
Dead weight loss: DWL = 10.647084246922