subject
Business, 22.04.2020 03:11 cmflores3245

Suppose that the U. S. government decides to charge wine consumers a tax. Before the tax, 45,000 bottles of wine were sold every week at a price of $4 per bottle. After the tax, 39,000 bottles of wine are sold every week; consumers pay $7 per bottle (including the tax), and producers receive $1 per bottle.

(a) The amount of the tax on a bottle of wine is $ per bottle.

(b) Of this amount, the burden that falls on consumers is $ per bottle, and the burden that falls on producers is $ per bottle.

(c) True or False: The effect of the tax on the quantity sold would have been larger if the tax had been levied on producers. True or False?

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 03:00, zahrast14
Which of the following is not a consideration when determining your asset allocation
Answers: 3
image
Business, 22.06.2019 05:20, lauren21bunch
142"what is the value of n? soefon11402bebe99918+19: 00esseeshop60-990 0esle
Answers: 1
image
Business, 22.06.2019 18:30, fggfg33
Jason started last week with $900 in his checking account. during the week, he wrote the checks below. at the end of the week, jason received a paycheck for $534.59. he recorded all of these transactions in his check register. trans typ./ check no. date description of transaction payment/ debit deposit/ credit (+) balance 900 00 241 12/4 miller's food market 53.21 53 21 groceries 846 79 242 12/7 frank's auto parts 24.05 24 05 oil and filter 822 74 243 12/8 mike's barber shop 15.00 15 00 haircut 807 74 deposit 12/9 paycheck 534.59 534 59 1,342 33 evaluate jason's check register. a. jason did a good job; everything is correct. b. the final balance is wrong; jason did not add everything correctly. c. jason should have written debit instead of deposit for the transaction type. d. jason entered the amount for his paycheck in the wrong column.
Answers: 3
image
Business, 22.06.2019 22:20, ciara180
Which of the following is correct? a. a tax burden falls more heavily on the side of the market that is more elastic. b. a tax burden falls more heavily on the side of the market that is less elastic. c. a tax burden falls more heavily on the side of the market that is closer to unit elastic. d. a tax burden is distributed independently of the relative elasticities of supply and demand.
Answers: 1
You know the right answer?
Suppose that the U. S. government decides to charge wine consumers a tax. Before the tax, 45,000 bot...

Questions in other subjects:

Konu
Mathematics, 05.12.2019 20:31