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Intercept of demand curve:122

Slope of demand curve:27

Demand curve is: P = 122 - 27Q

Intercept of supply curve:38

Slope of supply curve:51

Supply curve is: P = 38 + 51Q

Ad valorem tax(percentage):3%

Tax(decimal):0.03

Tax on:Demand

Find Tax, producers pay, consumers pay, and DWL.

Scroll all the way down to see the solutions

Quantity of market:1.0769230769231

Price of market:92.923076923077

Quantity after tax:1.0418709920785

Price after tax:91.135420596002

Total tax per unit:2.73406261788

Consumers pay:0.98603326110992

Producers pay:1.8625072709854

Deadweight loss:0.047917297426212