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Original Demand: P = 703 + (-6 Q)
Original Supply: P = 134 + 7 Q
An ad valorem tax of 11% is on demand.
After-tax Demand: P = 633.33333333333 + (-5.4054054054054 Q)
After-tax Supply: P = 134 + 7 Q
Market price: P = 440.38461538462
Market quantity: Q = 43.769230769231
Taxed price: P = 415.75889615105
Taxed quantity: Q = 40.251270878722
Total tax consumer pay: 849.61413896012
Total tax producer pay: 991.21649545347
Dead weight loss: DWL = 80.444271642992