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Given the demand and supply system: Pb = 52 - 5 Qb & Pv = 3...
Given the demand and supply system: Pb = 52 - 5 Qb & Pv = 3 + 2 Qv With a specific tax of T^ = 5 , how much does consumer surplus change ? how much does producer surplus change? Ans.-23.59 ans. -9.44
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