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The graph below illustrates the market for restaurant meals. Before the tax, the equilibrium price and quantity were $40 and 80,000 meals. On the graph,
The graph below illustrates the market for restaurant meals. Before the tax, the equilibrium price and quantity were $40 and 80,000 meals. On the graph, use the drag tool to shift the demand or supply curve to reflect the $20 tax.The consumer tax incidence is
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