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 6SPPA
To determine

To compute:

Whether more tax is paid by the seller or by the buyer, the tax revenue, andthe excess burden of tax. Whether the tax is proportional, progressive or regressive.

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How would I calculate a dead weight loss for a tax of $3 using this graph?
The graph shows the market for backpacks. Price (dollars per backpack) 22- 20+ 18- 16- 14- 12+ 10- 8- မှာ 0 100 S D 200 300 400 500 600 700 800 Quantity (backpacks per day) If a sales tax of $4 a backpack is imposed, calculate the tax burden. The tax burden is $ Type a day.
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