Question
Draw and label a graph depicting a government tax on consumers of a good. Start with...
- Draw and label a graph depicting a government tax on consumers
of a good.
- Start with a graph depicting general market equilibrium with the demand curve having a slope of 1 (technically negative 1) and the supply curve having a slope of 2.
- Modify the graph to demonstrate the effect of a tax on the consumer on the market.
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