Fill in the following table with the quantity sold, the price buyers pay, and the price sellers receive before and after the tax. Quantity Price Buyers Pay (Pairs of jeans) (Dollars per pair) Price Sellers Receive (Dollars per pair) Before Tax After Tax Using the data from the previous table, the tax burden that falls on buyers is S The burden of the tax falls more heavily on the elastic side of the market. and the tax burden of sellers is

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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ework
ote: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly.
200
PRICE (Dollars per pair)
8 8 8 8 8 8 8 8 8
180
100
140
120
100
Supply
Demand
0 100 200 300 400 500 600 700 800 900 1000
QUANTITY (Pairs of jeans)
Before Tax
After Tax
Graph Input Tool
Market for Jeans
The burden of the tax falls more heavily on the
Quantity
(Pairs of jeans)
Demand Price
(Dollars per pair)
Using the data from the previous table, the tax burden that falls on buyers is S
100
Fill in the following table with the quantity sold, the price buyers pay, and the price sellers receive before and after the tax.
Quantity
Price Buyers Pay
(Dollars per pair)
Price Sellers Receive
(Dollars per pair)
(Pairs of jeans)
elastic side of the market.
132.00
Supply Price
(Dollars per pair)
Supply Shifter
Tax on Sellers
(Dollars per pair)
and the tax burden of sellers is $
€
0.00
0.00
Transcribed Image Text:ework ote: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. 200 PRICE (Dollars per pair) 8 8 8 8 8 8 8 8 8 180 100 140 120 100 Supply Demand 0 100 200 300 400 500 600 700 800 900 1000 QUANTITY (Pairs of jeans) Before Tax After Tax Graph Input Tool Market for Jeans The burden of the tax falls more heavily on the Quantity (Pairs of jeans) Demand Price (Dollars per pair) Using the data from the previous table, the tax burden that falls on buyers is S 100 Fill in the following table with the quantity sold, the price buyers pay, and the price sellers receive before and after the tax. Quantity Price Buyers Pay (Dollars per pair) Price Sellers Receive (Dollars per pair) (Pairs of jeans) elastic side of the market. 132.00 Supply Price (Dollars per pair) Supply Shifter Tax on Sellers (Dollars per pair) and the tax burden of sellers is $ € 0.00 0.00
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