Question: Based on the estimates of the U . S . daily oil demand function is Q = D ( p ) = 4 8 .

Based on the estimates of the U.S. daily oil demand function is Q= D(p)=48.71p-^0.25 andsupply function is Q == $(p)=3.45p^0.25. Please use calculus to determine the change indeadweight loss from a marginal increase in a tariff, evaluated where the tariff is initially zero.

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