The table gives the demand and supply schedules for chocolate brownies. a. If brownies are not taxed,
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a. If brownies are not taxed, what is the price of a brownie and how many are bought?
b. If sellers are taxed 20¢ a brownie, what is the price? How many are sold? Who pays the tax?
c. If buyers are taxed 20¢ a brownie, what is the price? How many are bought? Who pays the tax?
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a With no tax on brownies the price is 60 cents a browni...View the full answer
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