Question
In an effort to reduce alcohol consumption, the government of economy XYZ is considering $1 tax on each gallon of liquor sold (the tax is
In an effort to reduce alcohol consumption, the government of economy XYZ is considering $1
tax on each gallon of liquor sold (the tax is levied on producers). Suppose that the demand curve
is QD = 500,000- 20000P (where QD is the number of gallons of liquor demanded and P is the price
per gallon), and the supply curve for liquor is Qs = 30000P (where Qs is the number of gallons
supplied)
In an effort to reduce alcohol consumption, the government of economy XYZ is considering $1
tax on each gallon of liquor sold (the tax is levied on producers). Suppose that the demand curve
is QD = 500,000- 20000P (where QD is the number of gallons of liquor demanded and P is the price
per gallon), and the supply curve for liquor is Qs = 30000P (where Qs is the number of gallons
supplied)
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Public Relations
Authors: Tom Kelleher
1st Edition
0190201479, 9780190201470
