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using q d =11-2p and q s =-4+3p suppose government charges a per unit tax of 2 to the buyer and gives a per unit subsidy of 1 to the seller
using qd =11-2p and qs=-4+3p
suppose government charges a per unit tax of 2 to the buyer and gives a per unit subsidy of 1 to the seller simultaneously. How much does the buyer pay? How much does the seller recieve? What is the new equilibrium price and quantity?