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What is the deadweight loss associated to the tax

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Reference no: EM132504736

Consider the tulip market in the Netherlands. The initial equilibrium is at P1=$0.50 and Q1=2000 tulips. The government levies a $0.10 tax on producers of tulips. The new equilibrium is at P2=$0.55 and Q2=1500. What is the deadweight loss associated to the tax?

Reference no: EM132504736

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