BTomato8955 BTomato8955

25-11-2022
Business

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assume that the market for a good is characterized by a downward-sloping demand curve and an upward-sloping supply curve and the market is in equilibrium at a price of $20 and a quantity of 100 units. after the government imposes a $5 per-unit excise tax on the good, the price that buyers pay for the good increases by $3. which of the following are possible values for the government tax revenue and deadweight loss in the market?

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