The market demand and supply functions for toothpaste are: 
and 
Calculate the equilibrium quantity and price and point elasticity of demand in equilibrium. Next, calculate consumer surplus. Suppose the toothpaste market is taxed $0.25 per unit. Calculate the revenues generated by the tax. Calculate the loss in consumer surplus. What percentage of the burden of the tax is paid for by consumers?
Definitions:
Pet-Peeve Technique
A method or approach focusing on small, often personal annoyances as a way to engage or motivate individuals, usually in a humorous or relatable way.
Business Unit
A segment of a company with its own plans and income-earning potential, focused on a specific product line or market.
Idea Quotas
A predetermined number of ideas a person or team is expected to generate within a set period.
Organizational Unit
A specific department, team, or other entity within a larger organization, usually defined by a distinct function, responsibilities, or goals.
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