code class$=$"asciimath"$>$Inbox $(3)-$ Content Take Test: H Deepl Tran Google Dor Google Cal NR$152$K$4$ r Template c https$($:$)/(()/())$learn$.$bu$.$ed$($u$)/($w$)$ebapp$($s$)/($a$)$ssessmen$($t$)/($t$)$ak$($e$)/($t$)$ake$.$jsp$?$course$\_($a$)$ssessment$\_($i$)$d$=\_(376726)\_(18)$course$\_($i$)$d$=\_(156399)\_(18)$conten$...$ Your answers are saved automatically. a Question Completion Status: $1234567$ Moving to another question will save this response. Question $2$ of $7$ Question $25$ points The video game market is currently sitting at a post$-$tax equilibrium where buyers pay $$64$ inclusive of a $$4$ tax and $1,000$ units are sold: P$\_($D$)^($t$)=$$$64,$P$\_($S$)^($t$)=$$$60,$Q$^($t$)=1000.$ Supply is unit$-$elastic, $\backslash$epsi $\_($S$)=1,$ and demand is fairly elastic, $\backslash$epsi $\_($D$)=-1\mathrm{.}5.$ Estimate the dead$-$weight loss as a percent of the tax revenue $(($DWL$)/($t$\backslash$times Q$\_($t$)))$ that this $$4$ tax generates in this market. Round to nearest whole percent. Submit your answer as xx$\%=0\mathrm{.}05,$ put just $\text{'}5\text{'}$ as your answerP$^(*),$ and the elasticity formulas, $\backslash$epsi $=(\%\backslash$Delta Q$)/(\%\backslash$Delta P$)$ to determine Q$^(*),$ to then find DWL$.$ Moving to another question will save this response. Question $2$ of $7$