Explanation The tax is the unilateral payment from the people to the government. Tax is the main source of income of the government which can be used for carrying on the public expenditure of the government. When the tax is imposed on the ticket, the buyers have to pay the tax initially but since the number of seats available in the stadium is fixed and since it is perfectly inelastic, the burden of tax would fall completely on the owners of the team...

The impact of $5 tax on the ticket for match.

EBK STUDY GUIDE FOR MANKIW'S PRINCIPLES

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Author: Mankiw

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Chapter 6, Problem 9PA

To determine

The impact of $5 tax on the ticket for match.

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