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The demand and supply functions of a good are given as: P=50-2Qd P=25+0.5Qs P=price Qd= quantity demanded Qs= quantity supplied Suppose the government decided to impose a $5 tax/unit on the suppliers.

The demand and supply functions of a good are given as: P=50-2Qd P=25+0.5Qs P=price Qd= quantity demanded Qs= quantity supplied Suppose the…

The demand and supply functions of a good are given as_P=50-2Qd                    P=25+0.5QsP=price      Qd= quantity demanded     Qs= quantity suppliedSuppose the government decided to impose a $5 tax/unit on the suppliers. What will be the burden of the tax on suppliers? show your work

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