11. Suppose that a new $50 tax is placed on each new cell phone sold. Use the...

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11. Suppose that a new $50 tax is placed on each new cell phone sold. Use the information in the following graph to answer these questions.

a. What is the incidence of the tax?

b. What is the deadweight loss of the tax?

c. What is the amount of tax revenue generated?

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Principles Of Microeconomics

ISBN: 9780393679199

3rd Edition

Authors: Dirk Mateer, Lee Coppock

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