Question
10. Using the graph shown, in which the vertical distance between points A and B represents the tax in the market, answer the following
10. Using the graph shown, in which the vertical distance between points A and B represents the tax in the market, answer the following questions. a. price S 11 A 8 6 B 6000 8000 D quantity What was the equilibrium price and quantity in this market before the tax? b. What is the amount of the tax? C. How much of the tax will the buyers pay? d. How much of the tax will the sellers pay? e. How much will the buyer pay for the product after the tax is imposed? f. How much will the seller receive after the tax is imposed?
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Get StartedRecommended Textbook for
Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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