What is incidence of tax that falls on producers

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Q. Suppose that government decides to charge cola consumers a tax. Before tax, 12 million cases of cola are sold every month at a price of $3.50 per case. After tax, 6 million cases of cola are sold every month; consumers pay $4 per case and producers receive $2 per case. Use this information to answer following questions.

What is incidence of tax that falls on producers?

Reference no: EM1369087

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