Question: (Advanced analysis) The equations for the demand and supply curves for a particular product are P = 10 0.4 Q and P = 1 +

(Advanced analysis) The equations for the demand and supply curves for a particular product are P = 10 0.4Q and P = 1 + 0.4Q, where P is price and Q is quantity expressed in units of 100. After an excise tax is imposed on the product, the supply equation is P = 2 + 0.4Q. Government's revenue from this tax is

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