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Original Demand: P = 542 + (-8 Q)
Original Supply: P = 8 + 1 Q
An ad valorem tax of 33% is on demand.
After-tax Demand: P = 407.51879699248 + (-6.015037593985 Q)
After-tax Supply: P = 8 + 1 Q
Market price: P = 67.333333333333
Market quantity: Q = 59.333333333333
Taxed price: P = 64.951768488746
Taxed quantity: Q = 56.951768488746
Total tax consumer pay: 1085.074637359
Total tax producer pay: 135.63432966988
Dead weight loss: DWL = 25.523329990385