kenny8100 kenny8100
  • 04-11-2022
  • Business
Answered

Prior to any taxes, the equilibrium price of bottled water is $5 per gallon. Then a $1-per-gallon tax is levied. As a result, the price of bottled water rises to $5. 75 per gallon. The incidence of the $1 tax is _____ paid by consumers and _____ paid by producers.



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