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Intercept of demand curve:108
Slope of demand curve:90
Demand curve is: P = 108 - 90Q
Intercept of supply curve:17
Slope of supply curve:64
Supply curve is: P = 17 + 64Q
Ad valorem tax(percentage):30%
Tax(decimal):0.3
Tax on:Supply
Find Tax, producers pay, consumers pay, and DWL.
Scroll all the way down to see the solutions
Quantity of market:0.59090909090909
Price of market:54.818181818182
Quantity after tax:0.46141732283465
Price after tax:66.472440944882
Total tax per unit:19.941732283465
Consumers pay:5.3774770458632
Producers pay:3.8239836770583
Deadweight loss:1.2911450859265