Given the following information: Demand: Qd = 200-5P Supply: Qs = 5P If a quantity tax of $2 per unit sold is imposed, (a) Considering that the government will earn revenue overall, do you think society benefits from such a move? Explain. • Yes or No • Buyer price • Seller price • Quantity traded ♦ (b) Equilibrium price before the tax 4) ( (c) Equilibrium quantity before the tax 4

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