Suppose the equation for the demand curve for some product

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Suppose the equation for the demand curve for some product (X) is P = 8 - .6Q and the supply curve is P = 2 + .4Q.

-Graph the curves and label the area of the graph which represents the tax collection as TC and the area representing the deadweight loss as DWL

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Suppose the equation for the demand curve for some product : Suppose the equation for the demand curve for some product (X) is P = 8 - .6Q and the supply curve is P = 2 + .4Q. Graph the curves and label the area of the graph which represents the tax collection as TC and the area representing the deadweight los..

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