How is the tax burden split between buyer and seller, Microeconomics

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How is the tax burden split between buyer and seller

Suppose supply is P = 40 + Q while demand is P = 45 - Q/2.

a. Find the equilibrium price and quantity.

b. Suppose buyers must pay a tax of T = 6/unit. Determine the quantity exchanged, and prices for buyers and sellers.

c. How is the tax burden split between buyer and seller?

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Microeconomics: How is the tax burden split between buyer and seller

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Microeconomics: How is the tax burden split between buyer and seller

Reference No:- TGS070620

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Measure performance of a project

Q : What is the average inflation rate

Q : What is the net income or loss

Q : Discuss the impact upon a debtor

Q : How is the tax burden split between buyer and seller

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Q : Sales data entry is efficient and accurate

Q : Determine jan nab''s net income from deer park for 2010

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: How is the tax burden split between buyer and seller

Reference No:- TGS070620

Recent Questions Asked Microeconomics

Q : Measure performance of a project

Q : What is the average inflation rate

Q : What is the net income or loss

Q : Discuss the impact upon a debtor

Q : How is the tax burden split between buyer and seller

Q : Record entry when it was sold for $18000

Q : Sales data entry is efficient and accurate

Q : Determine jan nab''s net income from deer park for 2010

Q : What were the warranty expenses

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