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# the graph shows the market for office rental space. a \$400 per month excise tax is imposed on firms selling office space. d is the demand curve, s1 is the supply curve in the absence of the tax, and s2 represents the supply curve that includes the tax.

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### James

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get the graph shows the market for office rental space. a \$400 per month excise tax is imposed on firms selling office space. d is the demand curve, s1 is the supply curve in the absence of the tax, and s2 represents the supply curve that includes the tax. from EN Bilgi.

## Sapling

Study Sets for Sapling - Chapter 7 HW.

## Sapling - Chapter 7 HW

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Incidence; Price Elasticity

Least Flexibility; Substitutes

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## Solved The graph below shows the market for office rental

Answer to Solved The graph below shows the market for office rental

## Question: The Graph Below Shows The Market For Office Rental Space. A \$400 Per Month Excise Tax Is Imposed On Firms Selling Office Space. D Is The Demand Curve, S1 Is The Supply Curve In The Absence Of The Tax, And S2 Represents The Supply Curve That Includes The Tax.

The graph below shows the market for office rental space. A \$400 per month excise tax is imposed on firms selling office space. D is the demand curve, S1 is the supply curve in the absence of the tax, and S2 represents the supply curve that includes the tax.

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ans 1 who has the larger tax incidence b) produ…

Transcribed image text: The graph below shows the market for office rental space. A \$400 per month excise tax is imposed on firms selling office space. D is the demand curve, S1 is the supply curve in the absence of the tax, and S2 represents the supply curve that includes the tax Who has the larger tax incidence? O Consumers (buyers) Producers (suppliers) S2 S1 \$3600 This excise tax falls on the above people because: \$3500 O The demand for office rentals is more inelastic than the supply of C0 office rentals For office rentals, both demand and supply are highly price elastic The supply of office rentals is more elastic than the demand for office O rentals \$3200 O The supply of office rentals is more inelastic than the demand for office rentals Quantity

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## Sapling

Start studying Sapling - Chapter 7 HW. Learn vocabulary, terms, and more with flashcards, games, and other study tools.

## Sapling - Chapter 7 HW

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Suppose the Canadian government has decided to place an excise (or sales) tax of \$20 per tire on producers of automobile tires. Previously, there was no excise tax on automobile tires. As a result of the excise tax, producers of tires, such as Bridgestone and Michelin, are going to alter their tire prices. The graph illustrates the demand and supply curves for automobile tires before the excise tax. 1. Please shift the appropriate curve(s) on the graph to demonstrate the new equilibrium.

2. What is the price consumers pay for a tire post tax? (Round to the nearest 10).

What is the price producers receive for a tire net of taxes? (Round to the nearest 10).

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The ______________ of an excise tax depends on the ________ of the taxed good's supply and demand curves.

Click card to see definition 👆

incidence; price elasticity

Click again to see term 👆

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### Terms in this set (4)

Suppose the Canadian government has decided to place an excise (or sales) tax of \$20 per tire on producers of automobile tires. Previously, there was no excise tax on automobile tires. As a result of the excise tax, producers of tires, such as Bridgestone and Michelin, are going to alter their tire prices. The graph illustrates the demand and supply curves for automobile tires before the excise tax. 1. Please shift the appropriate curve(s) on the graph to demonstrate the new equilibrium.

2. What is the price consumers pay for a tire post tax? (Round to the nearest 10).

What is the price producers receive for a tire net of taxes? (Round to the nearest 10).

The ______________ of an excise tax depends on the ________ of the taxed good's supply and demand curves.

incidence; price elasticity

The economic entity with the ___________ in terms of their production and consumption ___________ incur the largest burden of excise taxes.

least flexibility; substitutes

The graph below shows the market for office rental space. A \$400 per month excise tax is imposed on firms selling office space. D is the demand curve, S1 is the supply curve in the absence of the tax, and S2 represents the supply curve that includes the tax.

Who has the larger tax incidence?

This excise tax falls on the above people because:

Answer= The supply of office rentals is more inelastic than the demand for office rentals.

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James 10 month ago

Guys, does anyone know the answer?