(Figure: The Market for Skateboards) Use Figure: The Market for Skateboards. If the government imposes a $60 tax on skateboards and collects it from the consumers, the curve will shift by Price of skateboards (In thousands) 1220 200 180 160 140 120 100 80 60 40 20 30 12 Number of skateboards (thousands) O supply: upward; $30 O supply: upward; $60 O demand; downward; $30 O demand; downward; $60
(Figure: The Market for Skateboards) Use Figure: The Market for Skateboards. If the government imposes a $60 tax on skateboards and collects it from the consumers, the curve will shift by Price of skateboards (In thousands) 1220 200 180 160 140 120 100 80 60 40 20 30 12 Number of skateboards (thousands) O supply: upward; $30 O supply: upward; $60 O demand; downward; $30 O demand; downward; $60
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter6: Supply, Demand And Government Policies
Section: Chapter Questions
Problem 6CQQ
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