11: Given the demand and supply system: Pb = 53 - 5 Qb & Pv = 3 + 2 Qv With a specific tax of T^ = 4 , how much tax revenue is generated ? 12: Given the demand and supply system: Pb = 53 - 5 Qb & Pv = 3 + 2 Qv With a specific tax of T^ = 4 , how much dwl is generated ?
11: Given the demand and supply system: Pb = 53 - 5 Qb & Pv = 3 + 2 Qv With a specific tax of T^ = 4 , how much tax revenue is generated ? 12: Given the demand and supply system: Pb = 53 - 5 Qb & Pv = 3 + 2 Qv With a specific tax of T^ = 4 , how much dwl is generated ?
Chapter3: Economic Decision Makers
Section: Chapter Questions
Problem 3.10P
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