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05-06-2023
Business

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Suppose the demand for a product is given by P = 30-2Q. Also, the supply is given by P = 5 + 3Q. If a $5 per-unit excise tax is levied on the buyers of a good, after the tax, producer surplus is equal to: a. $20 b. $25 c. None of these. d. $64 e. $24

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