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The demand and supply of movie tickets are given by 00 = 30 SP and Q8 = 4P 19, where P is the price per
The demand and supply of movie tickets are given by 00 = 30 SP and Q8 = 4P 19, where P is the price per ticket and Q measures thousands of tickets. Based on these supply and demand curves, the equilibrium ticket price is $7. Now, suppose Quiz: Final Exam government imposes a $1 tax on movie tickets, paid by the consumer. The full ticket price (including the $1 tax) to the consumer is now . the theater gets per ticket, and the incidence of the $1 tax falls percent to the consumer and percent to the producer. $8; $7: 100; 0. $7.57; $6.57; 57; 43. $7; $6: 0; 100. $7.81; $7; 19; 31. $7.50: $6.50: 50; 50
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