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Suppose the demand for a product is given by P = 50 -Q. Also, the supply is given by P = 10 + 3Q.
Suppose the demand for a product is given by P = 50 -Q. Also, the supply is given by P = 10 + 3Q. If a $12 per-unit excise tax is levied on the buyers of a good, then after the tax buyers will pay _________ for each unit of the good.