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Intercept of demand curve:115
Slope of demand curve:20
Demand curve is: P = 115 - 20Q
Intercept of supply curve:40
Slope of supply curve:56
Supply curve is: P = 40 + 56Q
Ad valorem tax(percentage):44%
Tax(decimal):0.44
Tax on:Demand
Find Tax, producers pay, consumers pay, and DWL.
Scroll all the way down to see the solutions
Quantity of market:0.98684210526316
Price of market:95.263157894737
Quantity after tax:0.57034976152623
Price after tax:71.939586645469
Total tax per unit:31.653418124006
Consumers pay:4.7509261785571
Producers pay:13.30259329996
Deadweight loss:6.5917031508761