Tax cents per pound sales tax and the sales

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Unformatted text preview: tic Supply S + tax 11 10 Buyer Buyer pays pays entire entire tax tax S D 3 5 Quantity (thousands of Quantity kilograms per week) kilograms Taxes and Efficiency Taxes Price incl. tax (dollars per player) 130 105 100 95 Consumer surplus S + tax S Deadweight loss Tax Tax Revenue Revenue 75 01 D Producer surplus 2 3 4 5 6 7 8 9 10 Quantity (thousands of CD players per week) P ri c e A Market for an Illegal Good Market Cost per unit of breaking the law... …to to buyer buyer S + CBL CBL S a Pc d … to to seller seller c b D D - CBL CBL Qp Qc Quantity Quantity...
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This document was uploaded on 03/13/2014.

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