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Original Demand: P = 822 + (-8 Q)
Original Supply: P = 202 + 10 Q
An ad valorem tax of 15% is on demand.
After-tax Demand: P = 714.78260869565 + (-6.9565217391304 Q)
After-tax Supply: P = 202 + 10 Q
Market price: P = 546.44444444444
Market quantity: Q = 34.444444444444
Taxed price: P = 504.41025641026
Taxed quantity: Q = 30.241025641026
Total tax consumer pay: 1016.9255665133
Total tax producer pay: 1271.1569581416
Dead weight loss: DWL = 159.01856673241