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Original Demand: P = 562 + (-2 Q)
Original Supply: P = 13 + 6 Q
An ad valorem tax of 37% is on supply.
After-tax Demand: P = 562 + (-2 Q)
After-tax Supply: P = 20.634920634921 + 9.5238095238095 Q
Market price: P = 424.75
Market quantity: Q = 68.625
Taxed price: P = 468.04407713499
Taxed quantity: Q = 46.977961432507
Total tax consumer pay: 2033.8674859034
Total tax producer pay: 6101.6024577101
Dead weight loss: DWL = 1874.3771149701