Determine how much tax revenue is generated by the tax

Reference no: EM13175665

I'm taking a microeconomics class and I have to illustrate a $15 tax on a $30 item with a quanity of $30. I need to indicate new price points and quantities. Determine how much tax revenue is generated by the tax and what the tax incidence on tax is on consumers and producers.

Reference no: EM13175665

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