Graph Input Tool Market for Shoes I Quantity Pairs of shoes) 10 45 Sur ply Demand Price (Dollars per palr) Supply Price (Dolars per pair) 40 33.00 0.00 35 Supply Shifter 30 Tax on Sellers (Dolars per pair) 25 0.00 20 Demand 15 10 10 20 30 40 50 60 70 80 90 100 QUANTITY (Pairs of shoes) Fill in the following table with the quantity sold, the price buyers pay, and the price sellers receive before and after the tax. Quantity Price Buyers Pay Price Sellers Receive (Pairs of shoes) (Dollars per pair) (Dollars per pair) Before Tax After Таx Using the data from the previous table, the tax burden that falls on buyers is $ and the tax burden of sellers is The burden of the tax falls more heavily on the elastic side of the market. PRICE(Dollars per pair)
Graph Input Tool Market for Shoes I Quantity Pairs of shoes) 10 45 Sur ply Demand Price (Dollars per palr) Supply Price (Dolars per pair) 40 33.00 0.00 35 Supply Shifter 30 Tax on Sellers (Dolars per pair) 25 0.00 20 Demand 15 10 10 20 30 40 50 60 70 80 90 100 QUANTITY (Pairs of shoes) Fill in the following table with the quantity sold, the price buyers pay, and the price sellers receive before and after the tax. Quantity Price Buyers Pay Price Sellers Receive (Pairs of shoes) (Dollars per pair) (Dollars per pair) Before Tax After Таx Using the data from the previous table, the tax burden that falls on buyers is $ and the tax burden of sellers is The burden of the tax falls more heavily on the elastic side of the market. PRICE(Dollars per pair)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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micro question 8
Transcribed Image Text:Graph Input Tool
Market for Shoes
I Quantity
Pairs of shoes)
10
45
Sur ply
Demand Price
(Dollars per palr)
Supply Price
(Dolars per pair)
40
33.00
0.00
35
Supply Shifter
30
Tax on Sellers
(Dolars per pair)
25
0.00
20
Demand
15
10
10 20 30 40 50 60
70 80 90 100
QUANTITY (Pairs of shoes)
Fill in the following table with the quantity sold, the price buyers pay, and the price sellers receive before and after the tax.
Quantity
Price Buyers Pay Price Sellers Receive
(Pairs of shoes) (Dollars per pair)
(Dollars per pair)
Before Tax
After
Таx
Using the data from the previous table, the tax burden that falls on buyers is $
and the tax burden of sellers is
The burden of the tax falls more heavily on the
elastic side of the market.
PRICE(Dollars per pair)
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