Illustrate market tax and label tax revenues

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Reference no: EM1369138

Q. It sells fewer units but receives higher revenue per unit. When a firm's demand curve slopes down and firm decides to cut price, which of following happens?

Q. Suppose government now impose a tax, , on every unit of cheese produced. Graphically illustrate market after tax. Label tax revenues collected. Who bears more of burden? Why?

Reference no: EM1369138

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Illustrate market tax and label tax revenues : Suppose government now impose a tax, , on every unit of cheese produced. Graphically illustrate market after tax. Label tax revenues collected. Who bears more of burden.

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