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Real-World Applicationshard
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In a market, the demand curve is Qd=200−P2Q_d = 200 - P^2Qd​=200−P2 and the supply curve is Qs=10PQ_s = 10PQs​=10P. If a per-unit tax of t=3t = 3t=3 is levied on producers, what is the new equilibrium price paid by consumers?