Lamia E.

asked • 09/08/17

taxes and supply and demand

The supply curve for a certain industry is given by S(p) = p−2 and demand by D(p) = 30 − 3p.

What is the total tax revenue and the producer and consumer surplus under a $2 tax? What is the deadweight loss (DWL)?

1 Expert Answer

By:

Andy C. answered • 09/08/17

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