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Solve the tax problem using the graph below and list your calculations. Additionally, refer to the 'Who pays the tax?' image and discuss the different
Solve the tax problem using the graph below and list your calculations. Additionally, refer to the 'Who pays the tax?' image and discuss the different scenarios represented by the graphs. Don't forget to provide constructive feedback on your peers' threads/posts. Solve the problem below and post your answer on the discussion board. Also, study the following slide and discuss who pay Who pays the tax? the tax, the consumers or the suppliers. ST S Price Price Price S ST S Price Price ST S Calculate P STAX S 1. Tax per unit 2. Total tax revenue $14 3. Total amount of D D $13 tax paid by consumers Quantity Quantity Quantity Quantity Quantity $12 4. Total amount of $11 tax paid by Tax burden Tax burden Tax burden Tax burden Tax burden $10 producers paid mostly on shared by mostly on paid 5. Total expenditures $9 6. Total revenue for entirely by consumers consumers producers entirely by D firms consumers and producers 10 12 Q producers
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