Principles of Macroeconomics (MindTap Course List)
7th Edition
ISBN:9781285165912
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter7: Consumers, Producers, And The Efficiency Of Markets
Section: Chapter Questions
Problem 7PA
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Question
4.
(a) What is
(b) What is tax incidence. Suppose that some amount of per unit tax is imposed on buvers. Draw a diagram to show w hat is the new market outcome. What is the same anmount of tax would have been imposed on sellers? How this would change he outcome?
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