Question: Could you show step by step please! :) Figure 4.11 Good X Price Good Y Price ($) ($) Supply Supply Px P* Demand Demand Quantity

 Could you show step by step please! :) Figure 4.11 Good

Could you show step by step please! :)

X Price Good Y Price ($) ($) Supply Supply Px P* Demand

Figure 4.11 Good X Price Good Y Price ($) ($) Supply Supply Px P* Demand Demand Quantity Quantity 44) Refer to Figure 4.11. The figure above illustrates the markets for two goods, Good X and Good Y. Suppose an identical dollar tax is imposed in each market. a. Compare the consumer burden and producer burden in each market. Illustrate your answer graphically. b. If the goal of the government is to raise revenue with minimum impact to quantity consumed, in which market should the tax be imposed? c. If the goal of the government is to discourage consumption, in which market should the tax be imposed

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