Supply of construction workers in a small town is given by Qs =W- 10, and demand for construction workers is given by Qd = 50 - 3W, where Q is the number of workers and W is the hourly wage. The town government imposes a tax of $1 per hour per construction worker. What percentage of the tax will construction workers end up paying? OA 75% O B. 60% OC. 33% O D. 50%
Supply of construction workers in a small town is given by Qs =W- 10, and demand for construction workers is given by Qd = 50 - 3W, where Q is the number of workers and W is the hourly wage. The town government imposes a tax of $1 per hour per construction worker. What percentage of the tax will construction workers end up paying? OA 75% O B. 60% OC. 33% O D. 50%
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter5: Elasticity
Section: Chapter Questions
Problem 40P: Assume that the supply of law-skilled worker is fairly elastic, but the employers demand for such...
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