Scenario 8-3
Suppose the market demand and market supply curves are given by the equations: 
-Refer to Scenario 8-3. Suppose that a tax of T is placed on buyers so that the demand curve becomes: 
If T = 40, how much is the burden of the tax on the buyers and on the sellers?
Definitions:
Useful Life
The estimated period that an asset is expected to be usable for the purpose it was acquired.
Differentiation Value
The perceived value added to a product or service through unique features and qualities that set it apart from competitors.
Value-based Pricing
A pricing strategy where the price of a product or service is based on the perceived value to the customer rather than the cost of production.
Industrial Forklift
A powerful vehicle designed for lifting, transporting, and stacking heavy materials and goods, commonly used in warehouses and manufacturing facilities.
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