This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Tax Burden and Tax FairnessThe graph shows the demand (D) and supply (S) in the market for sugar, ... (Read 2284 times)

llesku

  • Full Member
  • ***
  • Posts: 175
on: Nov 23, 2022
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
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by llesku on Nov 23, 2022

char00char

  • Full Member
  • ***
  • Posts: 173
Reply #1 on: Nov 23, 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.
Answer Preview
Only 29% of students answer this correctly


llesku

  • Member
  • Posts: 175
Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review

AmberC1996

  • Member
  • Posts: 317
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Myopia (nearsightedness). In the uncorrected top figure, the image comes into focus in front of the Myopia (nearsightedness). In the uncorrected top figure, the image comes into focus in front of the
Refined and raw sugar crystals Refined and raw sugar crystals
The growing demand for electrical power, carbon sequestration and storage must be a priority The growing demand for electrical power, carbon sequestration and storage must be a priority
How to find the phase shift from a graph? How to find the phase shift from a graph?
This table shows the growth of a crowd at a rally over a 3 h period. This table shows the growth of a crowd at a rally over a 3 h period.
Added Sugar in Common Foods Added Sugar in Common Foods
Video: Introduction to Heart Attacks

For a complete list of videos, visit our video library