What is the dwl per student caused by the tax, Microeconomics

What is the dwl per student caused by the tax

Problem

Consider the tax on study drugs from before. Let's get real. The average student buys two buckets of Adderall per semester for $10 each, so P= 10 and Q=2. The dean finally applies a $1 tax. The elasticity of demand for cocaine at CWRU is -0.5 and the elasticity of supply is 0.7. What is the DWL per student caused by the tax?

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Microeconomics: What is the dwl per student caused by the tax

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Microeconomics: What is the dwl per student caused by the tax

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