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Tax Burden and Tax FairnessThe graph shows the demand (D) and supply (S) in the market for sugar, ...

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Tax Burden and Tax FairnessThe graph shows the demand (D) and supply (S) in the market for sugar, ...

Tax Burden and Tax Fairness

The graph shows the demand (D) and supply (S) in the market for sugar, where P represents the price for a pound of sugar and Q represents thousands of pounds sold.

Assume that P1=$2.75, P2=$3.05, P3=$5.00, Q1=15, and Q2=46. Suppose the government decides to levy a tax on sugar that shifts the supply curve to S_tax. What is the per-unit tax? What is the tax incidence for consumers? For producers?

▸ $2.25, $0.30, $1.95

▸ $5.00, $5.00, $2.75

▸ $5.00, $2.75, $5.00

▸ $2.25, $1.95, $0.30

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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