The given table illustrates the market for Internet service. What is the market price of Internet service?
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Question:
The given table illustrates the market for Internet service. What is the market price of Internet service? If the government taxes Internet service $15 a month, what is the price the buyer pays? What is the price the seller receives? Does the buyer or the seller pay more of the tax?
Price………Quantity/demanded ………Quantity/supplied
0………….……….……..30……………………………….0
10………..………………25…..….………………………10
20………………………..20…….………………………..20
30………………………..15……………………………...30
40………………………..10……………………………...40
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