Suppose the demand for toothbrushes is perfectly inelastic, at Q d 3,000. The market supply curve is
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Suppose the demand for toothbrushes is perfectly inelastic, at Qd 3,000. The market supply curve is perfectly elastic and is equal to p = 2.00. What would be the deadweight loss associated with a $0.20 tax on toothbrushes? Based on the Ramsey rule, would this be a good product to tax?
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