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Before Tax After Tax Equilibrium Quantity (Millions of units) Equilibrium Price per Unit Paid by Consumers Price per Unit Received by Sellers Given the information
Before Tax | After Tax | |
---|---|---|
Equilibrium Quantity (Millions of units) | ||
Equilibrium Price per Unit Paid by Consumers | ||
Price per Unit Received by Sellers |
Given the information you calculated in the preceding table, the tax incidence on consumers is ____ per unit of the good, and the tax incidence on producers is ______ per unit of the good.
The government receives ____ in tax revenue from levying an excise tax of $2.00 per unit on this good.
True or False: The equilibrium quantity would have been different if the tax had been levied on buyers instead.
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