Business, 12.07.2019 05:10, AriyaSeifert

Suppose the u. s. government decides to charge wine consumers a tax. before the tax, 50 billion bottles of wine were sold each year at a price of $4 per bottle. after the tax, 30 billion bottles of wine are sold every year; consumers pay $8 per bottle (including the tax) and producers receive $3 per bottle. the amount of tax on the bottle of wine is $ per bottle. of this amount, the burden that falls on consumers is $ per bottle, and the burden that falls on producers is $ per bottle.

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Suppose the u. s. government decides to charge wine consumers a tax. before the tax, 50 billion bott...