Solve again for the price that the consumer pays

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Reference no: EM131072975

In the preceding question: As an alternative to shifting the supply curve, try shifting the demand curve to reflect the $10 tax being imposed on the consumer.

(a) Solve again for the price that the consumer pays, the price that the supplier receives and the tax revenue generated.

(b) Compare your answers with the previous question; they should be the same.

Reference no: EM131072975

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