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Business, 11.06.2021 23:40 khandon4970
whole number. a. Before the tax is imposed, the equilibrium price is $ 1.5 per bottle and the equilibrium quantity is 4 billion bottles. b. After the excise tax is imposed, consumers pay a price of $ 2 per bottle. c. After the excise tax is imposed, the price (or amount) producers keep after the tax is paid is $ per bottle. After the tax is imposed, the equilibrium quantity is 3 billion bottles. e. The government is able to collect $ billion of tax revenue from the tax.
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whole number. a. Before the tax is imposed, the equilibrium price is $ 1.5 per bottle and the equili...
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