Math Problem Statement

Solution

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Math Problem Analysis

Mathematical Concepts

Algebra
Demand Curve Analysis
Consumer Surplus
Tax Impact

Formulas

Initial Demand Curve: Qv = -2.5 * P + 140
Post-Tax Demand Curve: Qv = -2.5 * P + 115
Consumer Surplus Shrinkage: (46 - 30) * 40 * 100 / 2

Theorems

Consumer Surplus Calculation
Impact of Tax on Demand Curve

Suitable Grade Level

Grades 10-12 (Advanced Economics/Algebra)