Suppose the market for grass seed can be expressed as Demand: QD =…Suppose the market for grass seed can be expressed asDemand: QD = 100 – 2p Supply: QS = 3pIf the government imposes a 10% ad valorem tax to be collected from sellers, what is the price consumers will pay? How much tax revenue is collected? BusinessEconomicsMicroeconomics MICRO EPPD1013
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