Question: Y6 7. The demand for a good is given by the following equation: Q d = 500 - 20P. The government intends to levy a

7. The demand for a good is given by the following equation: Q_d = 500 - 20P. The government intends to levy a $1 per unit tax on the sellers of this good (same as above).

Only now, the supply of this good is given by the equation Q_s = 400.

a. Post-tax equilibrium gross price?

b. Net price?

c. Quantity?

d. Total tax revenues?

e. DWL?

f. How much of the $1 tax do buyers pay?

g. How much do sellers pay?

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