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MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
The following graph shows the daily market for jeans. Suppose the government institutes a tax of $23.20 per pair. This places a wedge between the price buyers pay and the price sellers receive.
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Answer: Price before tax: Quantity?  Price Buyers Pay:? Price Seller receive?
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Price after tax: Quantity? Prices Buyers Pay:? Price Sellers receive?
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Answer: Buyers Burden price?
              Sellers Burden price?
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Points:
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Close Explanation
Explanation:
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Using the data you entered in the previous table, calculate the tax burden that falls on
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