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ECON 1B03 (523)
Lecture

Chapter 8 Econ

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Department
Economics
Course
ECON 1B03
Professor
Hannah Holmes
Semester
Fall

Description
Chapter 8 Application: The Costs of Taxation The effects of a tax Eq’m with no tax:  Price = Pe  Quantity = Qe Eq’m with tax = $7 per unit:  Buyers pay Pb  Sellers receive Ps  Quantity = Qr  Revenue from tax: $T x Qt Effects
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