he graph shows befire-tax, where the equilibrium is at 25. When the government levies the tax of 30 on X, price consumer have to pay changes to 35, and prince sellers recieve changes to 5. And at Ps:5, quantity is at 10. What is the consumers’ tax incidence and sellers’ tax incidence, when comaparing the chnage in the prices from before-tax equilibrium price 25??
he graph shows befire-tax, where the equilibrium is at 25. When the government levies the tax of 30 on X, price consumer have to pay changes to 35, and prince sellers recieve changes to 5. And at Ps:5, quantity is at 10. What is the consumers’ tax incidence and sellers’ tax incidence, when comaparing the chnage in the prices from before-tax equilibrium price 25??
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The graph shows befire-tax, where the equilibrium is at 25.
When the government levies the tax of 30 on X,
What is the consumers’ tax incidence and sellers’ tax incidence, when comaparing the chnage in the prices from before-tax
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