Consider the graph at right. Assume that before any tax, firms were willing to supply 5...
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Consider the graph at right. Assume that before any tax, firms were willing to supply 5 thousand pounds of lobster at a price of $50 per pound. Use the line drawing tool to draw a new supply curve reflecting a $10 per pound tax. Label this line "S Tax Carefully follow the instructions above, and only draw the required object. Price 100- 95- 90- 85- 80- 75- 70- 65- 60- 55- 50- 45- 40- 35- 30- 25- 20- 15- 104 5- Quantity (thousands) == S D 10 Q Consider the graph at right. Assume that before any tax, firms were willing to supply 5 thousand pounds of lobster at a price of $50 per pound. Use the line drawing tool to draw a new supply curve reflecting a $10 per pound tax. Label this line "S Tax Carefully follow the instructions above, and only draw the required object. Price 100- 95- 90- 85- 80- 75- 70- 65- 60- 55- 50- 45- 40- 35- 30- 25- 20- 15- 104 5- Quantity (thousands) == S D 10 Q
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rice to o 95 go 801 751 70 St 9 35 15 10 S O 1 2 3 4 1 Ta... View the full answer
Related Book For
Managerial Economics
ISBN: 978-0133020267
7th edition
Authors: Paul Keat, Philip K Young, Steve Erfle
Posted Date:
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