The demand and supply for orange juice are given by Qd = 30−P
and Qs = 4P. (a) Solve for the equilibrium price and quantity. (b)
Suppose now the government imposes a per-unit tax of $2.5 on the
sellers. (c) Solve for the new quantity, net price sellers
received, and price consumers paid. (d) Calculate the government
revenue from the taxation.
I only need these answered:
(e) Calculate the deadweight loss resulting from the taxation.
(f) What portion of the...