Price (dollars per bucket) 16 15 14 13 12 10 D 200 300 400 500 600 700 800 Quantity (buckets) The above figure shows the market for buckets of golf balls at the driving range. A new leisure time tax is placed on suppliers in this market, shifting the supply curve from So to S1. The amount of this tax is -- per bucket of golf balls. A) $3 B) $1 C) $2 D) $4 %3D
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In the above diagram, we can see that a new leisure time tax on suppliers leads to a fall in the supply that shifts the supply curve from So to S1. Now, as we can see that there are 3 units of fall in the supply i.e point 1 2, & 3 that implies there has been a tax of $3 placed by the government that decreases supply by 3 units.
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