Could you help me with this question please: When fixed per-unit tax is imposed 100% on the sellers, we should expect to see __________ (increase,
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Could you help me with this question please:

When fixed per-unit tax is imposed 100% on the sellers, we

should expect to see __________ (increase, decrease, no change, ambiguous) in demand, __________ (increase, decrease, no change, ambiguous) in supply, and __________ (increase, decrease, no change, ambiguous) in price. When fixed per-unit tax is imposed 100% on the buyers, we should expect to see __________ (increase, decrease, no change, ambiguous) in demand, __________ (increase, decrease, no change, ambiguous) in supply, and __________ (increase, decrease, no change, ambiguous) in price. Explain why the market outcome would be the same under these two cases. Please draw a picture to show what demand, supply, and new market outcome would be when the tax is imposed 50% on sellers and 50% on buyers.

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When 100% tax imposes on sellers When 100% tax imposes on sellers, the demand of the goods remains constant, there is no... View the full answer

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