ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Suppose that a city government introduces a $0.50 excise
(commodity) tax on consumers of bottles of soda to improve
the health of its citizens. Manipulate the accompanying
graph to demonstrate the impact of the tax on the market for
soda
What would be the new equilibrium quantity if instead of
taxing consumers, the city taxed producers?
2
0
thousand bottles
Price ($/bottle)
5.0
4.5
4.0
3.5
3.0
2.5
2.0
1.5
1.0
0.5
0.0
0
1
Market for Bottles of Soda
7
2 3 4 5 6
Quantity (thousands of bottles)
D
8
9
8
10
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Transcribed Image Text:Suppose that a city government introduces a $0.50 excise (commodity) tax on consumers of bottles of soda to improve the health of its citizens. Manipulate the accompanying graph to demonstrate the impact of the tax on the market for soda What would be the new equilibrium quantity if instead of taxing consumers, the city taxed producers? 2 0 thousand bottles Price ($/bottle) 5.0 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 0 1 Market for Bottles of Soda 7 2 3 4 5 6 Quantity (thousands of bottles) D 8 9 8 10
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