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Intercept of demand curve:115

Slope of demand curve:88

Demand curve is: P = 115 - 88Q

Intercept of supply curve:3

Slope of supply curve:44

Supply curve is: P = 3 + 44Q

Ad valorem tax(percentage):1%

Tax(decimal):0.01

Tax on:Supply

Find Tax, producers pay, consumers pay, and DWL.

Scroll all the way down to see the solutions

Quantity of market:0.84848484848485

Price of market:40.333333333333

Quantity after tax:0.84540878584503

Price after tax:40.604026845638

Total tax per unit:0.40604026845638

Consumers pay:0.22884667357327

Producers pay:0.11442333678662

Deadweight loss:0.00062450265003079