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Assume the government imposes a $2.25 tax on suppliers, which results in a shift of the supply curve from 5 to 52. The amount of the tax paid by the consumer is

Assume the government imposes a $2.25 tax on suppliers, which results in a shift of the supply curve from 5 to 52. The amount of the tax paid by the consumer is

Microeconomics: Principles & Policy
Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter16: Externalities, The Environment, And Natural Resources
Section: Chapter Questions
Problem 2TY
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a) $0

b) $2.25

c) $1.00

d) $1.25

20 Use the following graph for a competitive market to answer the question below. Price $3.50 $2.50 $1.25 Quantity Assume the government imposes a $2.25 tex on suppliers, which results in a shift of the supply curve from 51 to 52. The amount of the tax paid by the consumer is 300 Mute Choice 50 400 $2.25
Transcribed Image Text:20 Use the following graph for a competitive market to answer the question below. Price $3.50 $2.50 $1.25 Quantity Assume the government imposes a $2.25 tex on suppliers, which results in a shift of the supply curve from 51 to 52. The amount of the tax paid by the consumer is 300 Mute Choice 50 400 $2.25
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