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Intercept of demand curve:132
Slope of demand curve:75
Demand curve is: P = 132 - 75Q
Intercept of supply curve:37
Slope of supply curve:34
Supply curve is: P = 37 + 34Q
Ad valorem tax(percentage):20%
Tax(decimal):0.2
Tax on:Supply
Find Tax, producers pay, consumers pay, and DWL.
Scroll all the way down to see the solutions
Quantity of market:0.87155963302752
Price of market:66.633027522936
Quantity after tax:0.72978723404255
Price after tax:77.265957446808
Total tax per unit:15.453191489362
Consumers pay:7.7597765189114
Producers pay:3.5177653552398
Deadweight loss:1.0954180147105