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Economics (1,246)
ECON 20A (171)
Shan, H. (18)
Lecture 9

ECON 20A Lecture 9: Taxation

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Department
Economics
Course
ECON 20A
Professor
Shan, H.
Semester
Fall

Description
Lecture 9 Chapter 6: Taxation A taxation on coffee .50 per cup of coffee Should this tax be impose on the sellers or buyers? And does it matter? Tax on sellers Government is going to college 50 cents per each cup of coffee sold by sellers Reducing the sellers profits A tax on sellers shifts the supply curve upward by the size of the tax (.50) Causes: 1. Market quantity decreased 2. Rice that buyers both at wen up 3. Price that sellers earned went down Tax on buyers Tax of 50 cents per cup of coffee is imposed on buyers A tax on buyers shifts the demand curve downward by the size of the tax (.50) Outcome
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