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Q14. 20 18 Price 16 14 12 10 8 6 4 2 S D 2 4 6 8 10 12 14 16 Quantity a. Suppose a $3 per-unit tax is imposed on the sellers of this good. What price will buyers pay for the good after the tax is imposed? b. How much is the burden of this tax on the buyers in this market? c. What is the effective price that sellers will receive for the good after the tax is imposed? How much is the burden of this tax on the sellers in this market? (Hint: the supply and the demand have the same price elasticity.) Q14. 20 18 Price 16 14 12 10 8 6 4 2 S D 2 4 6 8 10 12 14 16 Quantity a. Suppose a $3 per-unit tax is imposed on the sellers of this good. What price will buyers pay for the good after the tax is imposed? b. How much is the burden of this tax on the buyers in this market? c. What is the effective price that sellers will receive for the good after the tax is imposed? How much is the burden of this tax on the sellers in this market? (Hint: the supply and the demand have the same price elasticity.)
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