The market for N-95 masks is perfectly competitive. Market Demand is given by Q-321-2P and Market Supply is given by Q=4P. The government imposes a per-unit tax of $13. What is the absolute value of the deadweight loss due to the tax? Enter a number only, drop the $ sign. Note: you don't need to know who pays the tax to answer this question.
The market for N-95 masks is perfectly competitive. Market Demand is given by Q-321-2P and Market Supply is given by Q=4P. The government imposes a per-unit tax of $13. What is the absolute value of the deadweight loss due to the tax? Enter a number only, drop the $ sign. Note: you don't need to know who pays the tax to answer this question.
Chapter3: Market Demand And Supply
Section3.A: Consumer Surplus, Proudcer Suplus, And Market Efficency
Problem 13SQ
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The market for N-95 masks is perfectly competitive. Market Demand is given by Q-321-2P and Market Supply is given by Q=4P.
The government imposes a per-unit tax of $13. What is the absolute value of the deadweight loss due to the tax? Enter a number only, drop the $ sign.
Note: you don't need to know who pays the tax to answer this question.
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