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kady kady
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A year ago
Suppose there is only one movie theatre in a town and the equilibrium price and quantity for movie admissions is $9 and 850 visits per week. Now suppose the town government imposes a tax such that the new equilibrium price and quantity are $10.50 and 780 visits per week. What is the direct burden of this tax?

▸ $1275

▸ $0

▸ $1170

▸ $105

▸ There is not enough information to know.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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dorkiexcicidorkiexcici
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A year ago
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kady Author
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A year ago
Good timing, thanks!
jmelchor77
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Yesterday
Brilliant ツ
sleinhi
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2 hours ago
This site is awesome
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