The above figure shows the market for buckets of golf balls at the driving range
The above figure shows the market for buckets of golf balls at the driving range.. A new leisure time tax is placed on suppliers in this market, shifting the supply curve from S0 to S1. The quantity of buckets without the tax is _______ and the quantity with the tax is _______
400: 600
600:400
400: 400
800: 500
600: 500
Homework Answers
Answer
the equilibrium before tax is at D=S0
where
Q=600 units and
after-tax it is at D=S1
Q=400 units
Option 2
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The above figure shows the market for buckets of golf balls at the driving range
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