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Create a graph showing what will happen to the Supply & Demand curves for soda in the US if a soda tax is put in
Create a graph showing what will happen to the Supply & Demand curves for soda in the US if a soda tax is put in place. (Hint: a sales tax has a different impact than an income tax) The data used to create this graph isn't important and you will hide the values on your x and y axes. What is most important is where the equilibrium is before and after the shift! Feel free to use the "fake" data provided in our previous graphing homework. What happens to the quantity output after the shift? What happens to the price of soda after the shift? graph should have: a line for supply a line for demand in the settings, make sure to "hide" the fake data after creating your graph. a label on each curve a label telling what is on your x and y axis a title for what each graph shows remove the numbers from the x and y axis used to create the graphs since you're just using "dummy data" and additional lines for any shifts you make
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