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Instructions: Use the initial settings for the Demand function, and adjust the Supply slider so that the vertical intercept of the supply curve is $30.

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Instructions: Use the initial settings for the Demand function, and adjust the Supply slider so that the vertical intercept of the supply curve is $30. Represent a $12 tax that is paid by sellers. a) How many units do consumers buy after the tax? b) How much more do consumers pay per unit as a result of the $12 tax? c) If the tax were on instead on the demand side, how many units would consumers buy? d) Compare how much the buyers pay when the tax is on buyers versus when the tax is imposed on sellers. "When the tax is imposed on buyers, the amount buyers pay is O more than O less than the same as what buyers pay when the tax is imposed on sellers." W

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