Question: Suppose the titanium market in Problem 1, with a tax of $2/oz, experiences growth in the demand for titanium because of newfound medical uses. The

Suppose the titanium market in Problem 1, with a tax of $2/oz, experiences growth in the demand for titanium because of newfound medical uses. The new demand curve is P = 8 - Q. Find the change in government tax revenue due to the heightened demand for titanium.

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