(Figure: The Market for Skateboards) Use Figure: The Market for Skateboards. If the government imposes a $30 tax on skateboards and collects it from suppliers, the curve will shift by
(Figure: The Market for Skateboards) Use Figure: The Market for Skateboards. If the government imposes a $30 tax on skateboards and collects it from suppliers, the curve will shift by
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:(Figure: The Market for Skateboards) Use Figure: The Market for Skateboards. If the government imposes a $30 tax on
skateboards and collects it from suppliers, the curve will shift
Price of
skateboards
(in thousands)
by.
$220
200
S
180
160
140
120
100
288542
80
60
40
20
0
2
D
4
6 8
10
12
Number of skateboards (thousands)
demand; downward; $30
supply; upward; $30
demand; downward; $15
supply; upward; $15
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