11.00 10.00 9.00 Supply 8.00 7.00 Demand 6.00 5.00 4.00 3.00 2.00 1.00 300 600 00 900 1200 1500 1800 2100 2400 Suppose that a $3 tax was imposed on the market above, what is the consumer tax-incidence? O a. 2/3 O b.3/4 O c. 1/3 O d. 1/5
11.00 10.00 9.00 Supply 8.00 7.00 Demand 6.00 5.00 4.00 3.00 2.00 1.00 300 600 00 900 1200 1500 1800 2100 2400 Suppose that a $3 tax was imposed on the market above, what is the consumer tax-incidence? O a. 2/3 O b.3/4 O c. 1/3 O d. 1/5
Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter12: The Design Of The Tax System
Section: Chapter Questions
Problem 7PA
Related questions
Question
please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly
![11.00
10.00
9.00
Supply
8.00
7.00
Demand
6.00
5.00
4.00
3.00
2.00
1.00
300
600
00
900
1200
1500
1800
2100
2400
Suppose that a $3 tax was imposed on the market above, what is the consumer tax-incidence?
O a. 2/3
O b.3/4
O c. 1/3
O d. 1/5](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F49fd0b2a-7700-45db-9705-caf29792570a%2Fa31f42f2-e7eb-4fe4-9ca3-444901762040%2F9kobrt_processed.jpeg&w=3840&q=75)
Transcribed Image Text:11.00
10.00
9.00
Supply
8.00
7.00
Demand
6.00
5.00
4.00
3.00
2.00
1.00
300
600
00
900
1200
1500
1800
2100
2400
Suppose that a $3 tax was imposed on the market above, what is the consumer tax-incidence?
O a. 2/3
O b.3/4
O c. 1/3
O d. 1/5
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