find tax incidence so CTI AND PTI
Homework Answers
Answer
the tax shifts the supply curve from S1 to S2 so the vertical
distance is the tax per unit
tax per unit =0.7-0.5=0.2
After tax equilibrium is at D=S2
where
consumer pay =$0.7 and Q=40
Producer pay =consumer pay -tax=0.7-0.2=0.5
before tax equilibrium is at D=S1
where
Q=50 and P=0.6
=====
CTI =consumer tax incidance =after tax consumer pay - before tax
consumer pay =0.7-0.6=0.1
PTI=per unit tax - CTI=0.2-0.1=0.1
the CTI and PTI is $0.1 each
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