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Refer to Scenario 8-3 QD=200−(P+T)Q ^ { D } = 200 - ( P + T )

Question 14

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Refer to Scenario 8-3. Suppose that a tax of T is placed on buyers so that the demand curve becomes:
QD=200−(P+T)Q ^ { D } = 200 - ( P + T ) If T = 40, how much is the burden of the tax on the buyers and on the sellers?

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