Question
Suppose the market demand for a good takes the form: 1 Q=500-P 2 and the market supply takes the form: 1 =-P-25 4 If
Suppose the market demand for a good takes the form: 1 Q=500-P 2 and the market supply takes the form: 1 =-P-25 4 If the government enacts a 10% sales tax, how much of the collected tax revenue is paid by producers? (round to the nearest integer)
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
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