Economics: Principles & Policy
Economics: Principles & Policy
14th Edition
ISBN: 9781337696326
Author: William J. Baumol; Alan S. Blinder; John L. Solow
Publisher: Cengage Learning
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Chapter 17, Problem 3TY

(a)

To determine

The equilibrium price and equilibrium quantity.

(b)

To determine

The equilibrium price and equilibrium quantity after imposing tax.

(c)

To determine

Impact of imposing tax on producer and consumer.

(d)

To determine

Impact of tax imposed on producer and shift into consumers.

(e)

To determine

The excess burden of tax.

(f)

To determine

The impact of imposing tax on consumption and its outcome.

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