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Next question Price (dollars per bucket) The figure shows the market for buckets of golf balls at the driving range. A new leisure time tax is placed on suppliers in this market, shifting the supply curve from S, to S,. The amount of this tax is per bucket of golf balls. 16 O A. $2.50 15 O B. $4 14 OC. $1 13 O D. $3 12 O E. $2 10 200 300 400 500 600 700 800 Quantity (buckets)

Next question Price (dollars per bucket) The figure shows the market for buckets of golf balls at the driving range. A new leisure time tax is placed on suppliers in this market, shifting the supply curve from S, to S,. The amount of this tax is per bucket of golf balls. 16 O A. $2.50 15 O B. $4 14 OC. $1 13 O D. $3 12 O E. $2 10 200 300 400 500 600 700 800 Quantity (buckets)

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Next question Price (dollars per bucket) The figure shows the market for buckets of golf balls at the driving range. A new leisure time tax is placed on suppliers in this market, shifting the supply curve from S, to S,. The amount of this tax is per bucket of golf balls. 16 O A. $2.50 15 O B. $4 14 OC. $1 13 OD. $3 12 O E. $2 400 500 600 700 800 Quantity (buckets) 200 300 O Time Remaining: 01:06:23 Next MacBook Pro esc @ # $ % & 1 2 3 4 7 8 Q W E R Y P tab 8 LO
Transcribed Image Text:Next question Price (dollars per bucket) The figure shows the market for buckets of golf balls at the driving range. A new leisure time tax is placed on suppliers in this market, shifting the supply curve from S, to S,. The amount of this tax is per bucket of golf balls. 16 O A. $2.50 15 O B. $4 14 OC. $1 13 OD. $3 12 O E. $2 400 500 600 700 800 Quantity (buckets) 200 300 O Time Remaining: 01:06:23 Next MacBook Pro esc @ # $ % & 1 2 3 4 7 8 Q W E R Y P tab 8 LO
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Leisure time Tax on supplier will increase the cost of production which leads to reduce the supply and supply curve is replaced by the new supply curve which is left to earlier one . 

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