Equilibrium of price-quantity-consumer and producer surplus

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Reference no: EM131000828

Demand: P=100-2Q

Surplus=5+3Q

A) Equilibrium of Price/Quantity/Consumer Surplus/Producer Surplus? B) If a tax is introduced and it is $1 per unit, what are the new Price/Quantity/Consumer Surplus/ Producer Surplus/ tax revenues? C) What is the deadweight loss of the tax? D) How much do Producers/Consumers pay toward the tax? Could you please include the price and quantity graph with the supply and demand curves and show steps on how to get the correct answers?

Reference no: EM131000828

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