Suppose the market demand function for ice cream is and the


Suppose the market demand function for ice cream is and the market supply function for ice cream is , both measured in millions of gallons of ice cream per year. Suppose the government imposes a $0.50 tax on each gallon of ice cream. what is The loss in consumer surplus due to the tax.

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Econometrics: Suppose the market demand function for ice cream is and the
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