Solution-Absence of taxes, Assume that in the absence of

Absence of taxes

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Reference no: EM131416257

Assume that in the absence of taxes, the price of x is $2. Compare an ad valorem tax of 10 percent (on p^s), to a per unit tax of 20 cents with respect to (i.e. specify whether it results in bigger, smaller, or equal values of the following):

(a) the new equilibrium consumer price

(b) the new equilibrium producer price

(d) tax revenue

(e) excess burden.

Reference no: EM131416257

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Absence of taxes : Assume that in the absence of taxes, the price of x is $2. Compare an ad valorem tax of 10 percent (on p^s), to a per unit tax of 20 cents with respect to (i.e. specify whether it results in bigger, smaller, or equal values of the following):

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Absence of taxes

Reference no: EM131416257

Reference no: EM131416257

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