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)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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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
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Expert Solution
Step
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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