The table shows the market for chocolate bars. A tax of $0.30 per chocolate bar is imposed on sellers. What is the new price that buyers pay sellers for a chocolate bar? Price (dollars per chocolate bar) Quantity demanded Quantity sup (thousands per day) 55 24225 22344 2.00 25 2.10 30 2.20 35 35 2.30 40 2.40 15 45 Following the tax, buyers pay sellers $ per chocolate bar.

The table shows the market for chocolate bars. A tax of $0.30 per chocolate bar is imposed on sellers. What is the new price that buyers pay sellers for a chocolate bar? Price (dollars per chocolate bar) Quantity demanded Quantity sup (thousands per day) 55 24225 22344 2.00 25 2.10 30 2.20 35 35 2.30 40 2.40 15 45 Following the tax, buyers pay sellers $ per chocolate bar.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter5: Elasticity

Section: Chapter Questions

Problem 30CTQ: In a market where the supply curve is perfectly inelastic how does an excise tax affect the price...

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