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One of the most heavily taxed goods in the economy is alcohol. G Assume the figure on the right illustrates the market for alcohol, Market
One of the most heavily taxed goods in the economy is alcohol. G Assume the figure on the right illustrates the market for alcohol, Market for Alcohol where supply is initially S; (pre-tax) and post-tax supply is Stax Stax S9 c with a per-unit tax on alcohol to be paid by producers. 1.) Using the rectangle drawing tool, shade in the incidence of the tax on consumers. Label this area 'Consumer incidence.' 2.) Using the rectangle drawing tool, shade in the incidence of the tax on producers. Label this area 'Producer incidence.' Pofraresssmssnssnnnnss . Price - Carefully follow the instructions above and only draw the required objects. Q, Q4 Quantity
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