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Intercept of demand curve:151
Slope of demand curve:6
Demand curve is: P = 151 - 6Q
Intercept of supply curve:36
Slope of supply curve:95
Supply curve is: P = 36 + 95Q
Ad valorem tax(percentage):14%
Tax(decimal):0.14
Tax on:Demand
Find Tax, producers pay, consumers pay, and DWL.
Scroll all the way down to see the solutions
Quantity of market:1.1386138613861
Price of market:144.16831683168
Quantity after tax:0.96202974628171
Price after tax:127.39282589676
Total tax per unit:17.834995625547
Consumers pay:1.0192750287077
Producers pay:16.138521287873
Deadweight loss:1.5746884602142