Its is known that the demand function for a product is P = 24 - 1/2Q and the supply function Q = 4 + 2P. If the government then increases the seller's tax on the product amount of IDR 20/ unit of goods, what is the price and quantity of goods new balance Calculate the tax burden borne by consumers & manufacturers, as well governement tax revenue F. Calculate the amount of subsidy received by consumers and manufacturers , as well subsidies issued by the government

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A: Hey, Thank you for the question. According to our policy we can only answer 3 subparts per question.…

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Q: Question 29 Given the following information OD - 240 - SP QS P where QD is the quantity demanded. QS…

A: Given in the question: QD=240-5P QS = P Tax Imposed: t = $12 To find: Tax Revenue.

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Q: solve 5 min this is the answer plz write hand written Here, the given graph shows the price for…

A: We can not provide handwritten solutions due to the company's policy. Taxes are the duties imposed…

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A: We are going to find the tax incidence, equilibrium price and quantity to answer this question.

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A: Note:- Since we can only answer up to three subpart, we'll answer first three. Please repost the…

Q: Question attached

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