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Author Question: FIGURE 4-4Refer to Figure 4-4. There have been proposals that a tax be imposed on sugar-laden soft ... (Read 18 times)

xxxxxxxxxxxx

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on: Oct 12, 2022




FIGURE 4-4

Refer to Figure 4-4. There have been proposals that a tax be imposed on sugar-laden soft drinks in an attempt to reduce their consumption. Assume for simplicity that all bottled soft drinks are the same size. Suppose the initial market equilibrium is P = $2.00 and Q = 1000. Suppose the government imposes a tax of $0.60 per soft drink purchased. Which of the following statements most accurately describes the economic incidence of this tax?


◦ The seller bears more of the burden because supply is inelastic relative to demand.
◦ The consumer bears more of the burden because demand is inelastic relative to supply.
◦ The consumer bears more of the burden because demand is elastic relative to supply.
◦ The seller bears more of the burden because supply is elastic relative to demand.
◦ The burden is shared equally between consumer and seller because the slopes of the supply and demand curves are the same.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by xxxxxxxxxxxx on Oct 12, 2022

as4309

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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xxxxxxxxxxxx

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

upturnedfurball

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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