How much tax revenue does the government recieve

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Reference no: EM131552333

Suppose that the government imposes a $5 excise tax on each case of beer. The beer industry faces the following demand and supply curves before tax.

Qd=100-3P

Qs=20+2P

How much tax revenue does the government recieve?

Please show ALL of your work.

Reference no: EM131552333

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