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15 and 16 please Problem Set #6 Problem Set #6 X Files x | Q Ag Econ Final Review Flashcar X Q ECON 101: Chapter

15 and 16 please

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Problem Set #6 Problem Set #6 X Files x | Q Ag Econ Final Review Flashcar X Q ECON 101: Chapter 9 Flashcard X ucmerced.instructure.com/courses/25278/assignments/305858?return_to=https%3A%2F%2Fucmerced.instructure.com%2Fcalendar%23view_name%3Dmo.. G N Code Week: Teen... " Google Hangouts . School Email Dashboard M MyMerced Prof. Jason Lee E... Principles of Econ... Return Suppose that the U.S. Government decides to charge tequila drinkers a tax. Before the tax, 5 million bottles of tequila were sold every year at a price of $10 per bottle. After the tax, 3.5 billion bottles of tequila are sold every year; consumers pay $11.50 per bottle (including the tax) and producers receive $9.75 per bottle. The amount of the tax on a bottle of tequila is $_ _per bottle. Account 1.75 Dashboard 0 / 2 points Courses Suppose that the U.S. Government decides to charge tequila drinkers a tax. Before the tax, 5 million bottles of tequila were sold every year at a price of $10 per bottle. After the tax, 3.5 billion bottles of tequila are sold every year; consumers pay $11.50 per bottle (including the tax) and producers receive Calendar $9.75 per bottle. The tax burden that falls on consumers is $ _per bottle, X 0.88 Inbox History 16 0 / 2 points Suppose that the U.S. Government decides to charge tequila drinkers a tax. Before the tax, 5 million bottles of tequila were sold every year at a price of Follett $10 per bottle. After the tax, 3.5 billion bottles of tequila are sold every year; consumers pay $11.50 per bottle (including the tax) and producers receive Discover $9.75 per bottle. The tax burden that falls on on producers is $ _per bottle. X 0.88 Help 17 1/ 1 point The tax burden will fall most heavily on consumers of a good if the demand for a product is relatively inelastic. True False

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