Question: 1. To pay for a new $1 billion stadium, Buffalo puts a $10/night tax on all hotel rooms in the city. It reasons that

1. To pay for a new $1 billion stadium, Buffalo puts a

1. To pay for a new $1 billion stadium, Buffalo puts a $10/night tax on all hotel rooms in the city. It reasons that this will result in out-of-towners' paying for the new stadium. Show the market for hotel rooms in Buffalo before the tariff is imposed, and label it completely, Show the impact of the tax on the market for hotel rooms in Buffalo. Evaluate how successful Buffalo will be in "exporting" the tax burden,

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