nsider the following supply and demand curves Price = 35-4*Q Price = 3*Q Suppose the government places a 7-dollar tax on producers. Doing so would generate _____ dollars of revenue. Suppose now instead of putting a 7-dollar tax on producers, the government put the 7-dollar tax on consumers. Doing so would generate _______ dollars of revenue. In this case, consumers would pay _____ percent of the tax.   Give typed answer ASAP with proper step by ste

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A: Given,   QD = 240-5P  QS = P  Tax on sellers = $12 per unit

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A:

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Q: Question 3  Given the following information QD =240-5p QS = p Where QD is the quantity…

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A: No, It's not a violation of the law of demand

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