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which of the following is correct. The table shows the demand and supply schedules for tickets to a concert in the park. Quantity Quantity Pd
which of the following is correct.
The table shows the demand and supply schedules for tickets to a concert in the park. Quantity Quantity Pd\" demand\"! suppllod (dollars per tlckot) (tickets per concert) 5 600 200 6 500 300 7 400 400 a 300 500 9 200 600 10 100 700 With a $2 sales tax imposed on sellers of concert tickets, which of the following is correct? Concert-goers pay $9 a ticket and buy 200 tickets. Concert-goers pay $2 of the tax, and the government collects $600 of tax revenue. Concert-sellers receive $6 a ticket and sell 300 tickets. Concert sellers pay $1 of the tax, and the government collects $800 of tax revenueStep by Step Solution
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