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Business, 27.06.2019 20:50 flamingtacos4026

Suppose that the demand function for aluminum is q = 40 - 0.2p where p is the price paid by consumers in dollars per pound and q is the quantity demanded measured in pounds. the supply curve for aluminum is estimated to be: q = 0.2p such that η= 1a) the pre-tax equilibrium price is: (rounded to two decimal places)b) the pre-tax equilibrium quantity is: (rounded to two decimal places)c) if a $40 tax per pound is placed on aluminum, the price paid by consumers would be: (rounded to two decimal places)

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Suppose that the demand function for aluminum is q = 40 - 0.2p where p is the price paid by consumer...
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