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Consider a market with the following (discrete) demand and supply schedule: Price ($) Quantity Demanded Quantity Supplied Quantity supplied after tax 80 650 250 85
Consider a market with the following (discrete) demand and supply schedule:
Price ($) | Quantity Demanded | Quantity Supplied | Quantity supplied after tax |
80 | 650 | 250 | |
85 | 600 | 330 | [A] |
90 | 550 | 400 | |
95 | 500 | 500 | [B] |
100 | 450 | 620 | |
105 | 400 | 730 | [C] |
110 | 350 | 850 | |
115 | 300 | 950 | [D] |
Suppose there is a tax of $15 imposed on the sellers of this good. Fill in the values of quantity supplied after tax for the prices indicated.
The equilibrium price after tax is $[E].
The equilibrium quantity after tax is [F].
Tax burden to consumers is $[G].
Tax burdeN to producers is $[H]
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