What is the tax revenue raised and deadweight loss

Reference no: EM13204058

Consider a market with the following supply and demand curves:
Qd= 100-4p
Qs=p-10
Suppose the government imposes on the buyer a tax of 5 dollars for each unit sold. What is the tax revenue raised and deadweight loss following the imposition of the tax?

Reference no: EM13204058

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