i. Find the equilibrium price and quantity demanded and supplied before the tax. ii. Which of the curves incorporates the tax? Explain your answer. iii. Suppose the producer is successful to transfer the entire tax to the consumer. What is the market price due to the tax?

Q: What happens to the market equilibrium price and output when tax is imposed on  the buyers? Is the…

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Q: tax

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A:

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A:

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