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Intercept of demand curve:115
Slope of demand curve:83
Demand curve is: P = 115 - 83Q
Intercept of supply curve:13
Slope of supply curve:92
Supply curve is: P = 13 + 92Q
Ad valorem tax(percentage):20%
Find Tax, producers pay, consumers pay, and DWL.
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Quantity of market:0.58285714285714
Price of market:66.622857142857
Quantity after tax:0.49873737373737
Price after tax:73.604797979798
Total tax per unit:14.72095959596