A calculate the long run excess burden of a 1 per unit tax
If long run supply is given by P = 8 and demand is P = 20 - .25Q
a. Calculate the long run excess burden of a $1 per unit tax.
b. Calculate the long run excess burden of a $1 per unit subsidy.
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if long run supply is given by p 8 and demand is p 20 - 25qa calculate the long run excess burden of a 1 per unit
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