The market demand and supply functions for a good are: QD = 260 - 50P and QS = -40 + 10P. The equilibrium quantity and price are 10 and €5 respectively. Suppose the government imposes a tax of €0.60 per unit. The price paid by consumers after the tax will be €5.10 €5 €5.60 €4.60

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Q: Part a, b, c

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