How much of the tax is backward shifted, Microeconomics

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How much of the tax is backward shifted

how can we work this question "At equilibrium price an item is selling for $30 a unit .At this price , consumers demand 100 units.If government imposes an ad valorem tax of 5% the equilibium quantity demande and supplied will fall to 90 units and the price will rise to $31. How much of the tax is backward shifted.

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Microeconomics: How much of the tax is backward shifted

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Q : How much of the tax is backward shifted

Tthe equilibium quantity demande and supplied will fall to 90 units and the price will rise to $31. How much of the tax is backward shifted.

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Microeconomics: How much of the tax is backward shifted

Reference No:- TGS041284

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Determining the npv and the irr of the project

Q : What is the 2011 net income

Q : What occurs to net personal income when government raise tax

Q : Stock convertible into common stock

Q : How much of the tax is backward shifted

Q : Computing the operating cash flows

Q : Compute the cost of the ending inventory and the cost

Q : Determining the maximum initial purchase

Q : Prepare an annotated table of entities and activities

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: How much of the tax is backward shifted

Reference No:- TGS041284

Recent Questions Asked Microeconomics

Q : Determining the npv and the irr of the project

Q : What is the 2011 net income

Q : What occurs to net personal income when government raise tax

Q : Stock convertible into common stock

Q : How much of the tax is backward shifted

Q : Computing the operating cash flows

Q : Compute the cost of the ending inventory and the cost

Q : Determining the maximum initial purchase

Q : Prepare an annotated table of entities and activities

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