imposes a $100 excise tax on every coffee sold to be paid by customers at the point
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Question:
imposes a $100 excise tax on every coffee sold to be paid by customers at the point of sale.
Price (dollars) | Quantity Demanded | Quantity Supplied | Quantity Demanded with Excise Tax |
$1,240 | 150 | 300 | 100 |
1,180 | 180 | 280 | 130 |
1,120 | 210 | 260 | 160 |
1,060 | 240 | 240 | 190 |
1,000 | 270 | 220 | 220 |
940 | 300 | 200 | 250 |
880 | 330 | 180 | 280 |
820 | 360 | 160 | 310 |
760 | 390 | 140 | 340 |
700 | 420 | 120 | 370 |
Including the excise tax, what is the price consumers pay after the tax? What is the price producers receive after the tax?
1060; 960
1000; 900
1160; 1060
1100; 1000
explain
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