In the market for college textbook the equilibrium price of a textbook is $50 and 1 million text books are bought and sold. The government imposes an excise tax on the sale of college textbooks. Out of the taxes and pose students pay $55 per book, $30 were supposed to receive the incident of the tax to the publisher is

Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter3: Market Demand And Supply
Section: Chapter Questions
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In the market for college textbook the equilibrium price of a textbook is $50 and 1 million text books are bought and sold. The government imposes an excise tax on the sale of college textbooks. Out of the taxes and pose students pay $55 per book, $30 were supposed to receive the incident of the tax to the publisher is
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