Reduce the quantity transacted on the market by two units

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Reference no: EM131004622

The demand for a product is given by P = 350 − 2Q and the supply is P = 30 + 4Q. What is the increase in the tax rate needed to reduce the quantity transacted on the market by two units? How about if we want to reduce quantity by 5 units?

Reference no: EM131004622

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