Question: Solve it correctly please. I ll rate with multiple votes. TYPED answer only. 3. The market demand for artichokes is QD = 1000-2P and QS
Solve it correctly please. I ll rate with multiple votes. TYPED answer only.
3. The market demand for artichokes is QD = 1000-2P and QS = 580 + 4P where P is in dollars.
a. Find the equilibrium price and equilibrium quantity.
b. A tax of one dollar per artichoke is enacted. Find the new equilibrium quantity and the price to consumers.
c. Find the deadweight loss of the tax in part c
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