The demand and supply schedules for salmon are a. If salmon is not taxed, what is the

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The demand and supply schedules for salmon are image text in transcribed

a. If salmon is not taxed, what is the price and how many kilograms are bought?

b. If salmon is taxed $3 per kilogram, what is the price and what is the quantity bought?
Who pays the tax?

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Economics

ISBN: 9781292433639

14th Global Edition

Authors: Michael Parkin

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Question Posted: Jan 27, 2024 10:01 PM

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The demand and supply schedules for salmon are a. If salmon is not taxed, what is the

Question:

Price (dollars per kilogram) 4 5 6 7 8 Quantity demanded (kilograms per month) 120 100 80 Quantity supplied 60 40 60 70 80 90 100

Step by Step Answer:

To answer these questions well first determine the market equilibrium without a tax and then consider how a tax will affect the equilibrium a Without a tax The market is in equilibrium when the quanti...View the full answer

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