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Intercept of demand curve:114

Slope of demand curve:65

Demand curve is: P = 114 - 65Q

Intercept of supply curve:45

Slope of supply curve:47

Supply curve is: P = 45 + 47Q

Ad valorem tax(percentage):16%

Tax(decimal):0.16

Tax on:Demand

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

Scroll all the way down to see the solutions

Quantity of market:0.61607142857143

Price of market:73.955357142857

Quantity after tax:0.51706827309237

Price after tax:69.302208835341

Total tax per unit:11.088353413655

Consumers pay:3.3274403912264

Producers pay:2.4059953598099

Deadweight loss:0.5488909885094