Suppose the government removes a tax on buyers of a good and levies a tax of the
Chapter 6, Problem 5(choose chapter or problem)
Suppose the government removes a tax on buyers of a good and levies a tax of the samesize on sellers of the good. How does thischange in tax policy affect the price thatbuyers pay sellers for this good, the amountbuyers are out of pocket including the tax, theamount sellers receive net of the tax, and thequantity of the good sold?
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