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Question: calculate the consumer and producer surpluses before and after a...

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Calculate the consumer and producer surpluses before and after a tax is imposed on the production of the following good. Also calculate the tax revenue, DWL, and percent of incidence on each side of the market. 4) Price S+$5 Tax CS Pre-Tax PS Pre-Tax CS Post-Tax PS Post-Tax Tax Revenue DWL 20 18 15 Incidence: % on Consumers % on Producers 0 50 60 Quantity (#/Time)
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