Tax Assignment | Homework For You
December 3rd, 2019
Qd= 2400-500p Qs=6000-1000p Suppose $1 is imposed per gallon of milk tax on dairy farmers 1. What is the effect of the tax on the supply equation?
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Qs=6000-1000pSuppose $1 is imposed per gallon of milk tax on dairy farmers1. What is the effect of the taz on the supply equation? the demand equation?2. What is the new equilibrium price and quantity?3. How much do dairy farmers receive per gallon of milk after the tax? how much do demanders pay? Get Economics homework help today