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The government imposes a 15% tax on the price of a good. How much does the consumer pay for a good price by a firm at $1360? [Write your answer -- a number - into the box.]

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter19: Elasticity

Section: Chapter Questions

Problem 4QP

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Question

The government imposes a
15% tax on the price of a good.
How much does the consumer
pay for a good price by a firm
at $1360?
[Write your answer -- a number
- into the box.]

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