f we consider the supply and demand for gizmos to be as follows : Ps = 2Qs + 50 Supply Equation Pd = 150 – 3Qd Demand Equation If the government imposes a tax (Pt) of $6 on each gizmo, what is the deadweight loss (DWL)? Given your answer in d, what is the social surplus lost due to the tax? Compute the leakage of the tax imposition?
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