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Author Question: Tax Burden and Tax FairnessThe graph shows the demand (D) and supply (S) in the market for sugar, ... (Read 212 times)

llesku

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Tax Burden and Tax Fairness

The graph shows the demand (D) and supply (S) in the market for sugar, where P represents the price for a pound of sugar and Q represents thousands of pounds sold.
 
Assume that P1=$2.75, P2=$3.05, P3=$5.00, Q1=15, and Q2=46. Suppose the government decides to levy a tax on sugar that shifts the supply curve to Stax. What is the per-unit tax? What is the tax incidence for consumers? For producers?
◦ $2.25, $0.30, $1.95
◦ $5.00, $5.00, $2.75
◦ $5.00, $2.75, $5.00
◦ $2.25, $1.95, $0.30


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Marked as best answer by llesku on Nov 23, 2022

char00char

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llesku

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Reply 2 on: Nov 23, 2022
Gracias!


raenoj

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Reply 3 on: Yesterday
Excellent

 

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