Question: Demand is given by QD = 105 1.5P, where QD is in millions of tires per year. Supply is QS = 1.5873P 15.873. Suppose a
Demand is given by QD = 105 1.5P, where QD is in millions of tires per year. Supply is QS = 1.5873P 15.873. Suppose a tax of $20 per tire is imposed. Producer surplus after the tax will be $_____ million. (Round to the nearest integer.)
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