What is the incidence of the tax

Reference no: EM131481015

Question: Suppose that a new $50 tax is placed on each cell phone. From the information in the graph below, compute the incidence, deadweight loss, and tax revenue of the tax.

a. What is the incidence of the tax?

b. What is the deadweight loss of the tax?

c. What is the amount of tax revenue generated?

Reference no: EM131481015

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