What are consumer and producer tax burdens

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Reference no: EM131097903

The demand for football tickets is Q = 360 – 10P and the supply of football tickets is Q= 20P. The government levies a per-ticket tax of $4, which is paid by consumers. Calculate the after-tax price paid by consumers. Calculate the gross price received by ticket sellers. What are consumer’s and producer’s tax burdens?

Reference no: EM131097903

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