Average: /3 Attempts: /3 7. Effect of a tax on buyers and sellers The following graph shows the dail 1 answer below »

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Average: /3 Attempts: /3 7. Effect of a tax on buyers and sellers The following graph shows the dail 1 answer below »

Average: /3 Attempts: /3 7. Effect of a tax on buyers and sellers The following graph shows the daily market for shoes. Suppose the government institutes a tax of $23.20 per pa r. This places a wedge between the price buyers pay and the price sellers receive. 100 T 90 80 Supply 70 60 Tax Wedge CU 50 40 a- 30 20 10 Demand 10 20 30 40 50 60 70 80 90 100 QUANTITY (Pairs of shoes)

 

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The post Average: /3 Attempts: /3 7. Effect of a tax on buyers and sellers The following graph shows the dail 1 answer below » appeared first on Graduate Paper Help.

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