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Intercept of demand curve:131
Slope of demand curve:2
Demand curve is: P = 131 - 2Q
Intercept of supply curve:18
Slope of supply curve:1
Supply curve is: P = 18 + 1Q
Ad valorem tax(percentage):25%
Tax(decimal):0.25
Tax on:Supply
Find Tax, producers pay, consumers pay, and DWL.
Scroll all the way down to see the solutions
Quantity of market:37.666666666667
Price of market:55.666666666667
Quantity after tax:32.1
Price after tax:66.8
Total tax per unit:16.7
Consumers pay:357.38
Producers pay:178.69
Deadweight loss:46.481666666667