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Original Demand: P = 923 + (-5 Q)
Original Supply: P = 389 + 6 Q
An ad valorem tax of 18% is on supply.
After-tax Demand: P = 923 + (-5 Q)
After-tax Supply: P = 474.39024390244 + 7.3170731707317 Q
Market price: P = 680.27272727273
Market quantity: Q = 48.545454545455
Taxed price: P = 740.89108910891
Taxed quantity: Q = 36.421782178218
Total tax consumer pay: 2207.8287707979
Total tax producer pay: 2649.3945249574
Dead weight loss: DWL = 808.40887417455