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Economics

Suppose the market for grass seed can be expressed as Demand: QD = 100 - 2p, Supply: QS = 3p. If government imposes a $5 specific tax to be collected from sellers, what is the price consumers will pay? Explain how much tax revenue is collected? What fraction is paid by sellers?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9274238

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