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| Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Suppose the federal government decides to levy a sales tax of $1.00 per pie on pizza. Briefly explain whether you agree with the following statement, made by a representative of the pizza industry: The pizza industry is very competitive. As a result, pizza sellers will have to pay the whole tax because they are unable to pass any of it on to consumers in the form of higher prices. Therefore, a sales tax of $1.00 per pie will result in pizza sellers receiving $1.00 less on each pie sold, after paying the tax. Illustrate your answer with a graph.
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