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The demand for milk is represented by P=0.5Qd+8.4 10 points The supp.pdf

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This document discusses the demand and supply equations for milk measured in millions of gallons per week, with demand represented by P=0.5Qd+8.4 and supply represented by P=1.20Q+2.1. It states that the government imposes a $0.51 per gallon excise tax on sellers and asks to calculate how much of the tax is borne by consumers in this market, reported to 2 decimal places.

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The demand for milk is represented by: P=0.5Qd+8.4 10 points The supply of mikis repesented by. P=1.20Q+2.1 Quantities-are in millions of gallons per week. Hoy tuppose that the gavernment lentes a $0.51 exrise tax per gallon on the sellers. Calculate the pait of the tax borke by the consiamers in this maiket and eater using 2 docimal places

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