The figure shows the market for an illegal good. Calculate the market price and the quantity bought

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The figure shows the market for an illegal good.image text in transcribed

Calculate the market price and the quantity bought if a penalty of $20 a unit is imposed on

a. Sellers only or buyers only.

b. Both sellers and buyers.

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Economics

ISBN: 9781292433639

14th Global Edition

Authors: Michael Parkin

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