Foundations of Economics (8th Edition)
Foundations of Economics (8th Edition)
8th Edition
ISBN: 9780134486819
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Chapter 8, Problem 2SPPA
To determine

To explain:

The price increase by Company S if $2 a cup tax is imposed by government, also the changes in the quantity of coffee bought in coffee shops and effect on revenue due to this tax.

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