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Business, 01.07.2021 17:10 mrtroll3289

Suppose that the U. S. government decides to charge wine producers a tax. Before the tax, 45,000 bottles of wine were sold every week at a price of $7 per bottle. After the tax, 40,000 bottles of wine are sold every week; consumers pay $9 per bottle, and producers receive $6 per bottle (after paying the tax), and producers receive $1 per bottle. The amount of the tax on a bottle of wine is $ per bottle. Of this amount, the burden that falls on consumers is $ per bottle, and the burden that falls on producers is $per bottle.

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Suppose that the U. S. government decides to charge wine producers a tax. Before the tax, 45,000 bot...

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