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At the Melbourne Cricket Ground, the venue for the Australian Foot- ball League (AFL) grand nal and the Boxing Day test cricket match, seating is
At the Melbourne Cricket Ground, the venue for the Australian Foot- ball League (AFL) grand nal and the Boxing Day test cricket match, seating is limited to 95,000 peOple. Seeing a golden Opportunity to raise revenue, the Victorian state government levies a tax of $5 on each ticket to the AFL grand nal. This tax is to be paid by the purchaser of the ticket. (a) Draw a well labelled diagram that shows the impact of the tax. (b) On whom does the tax burden fall the AFL (who sell the tickets), the fans, or both? Explain your
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