Problem
A shop currently sells cans of beer for 2. From that 2, the shop pays 1 for the costs associated with the beer (paying the brewery etc.) and makes 1 profit for each can it sells.
The government decides to put a tax of 0.50 on each can sold. What price should the beer be now sold at?
Explain the rationale behind your answer. Use a diagram if necessary.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.