Quantity Taxes market Equilibrium Market Market demand supply No tax p q D(p), s(p)
Quantity Taxes & Market Equilibrium p D(p), S(p) Market demand Market supply p* q* No tax
Quantity Taxes Market Equilibrium Market Market demand supply An excise tax raises the market st supply curve by st p q D(p), s(p)
Quantity Taxes & Market Equilibrium p D(p), S(p) Market demand Market supply p* q* $t An excise tax raises the market supply curve by $t
Quantity Taxes market Equilibrium Market Market demand supply An excise tax raises the market pb st supply curve by $t, p raises the buyers price and lowers the quantity traded 99 D(p), s(p)
Quantity Taxes & Market Equilibrium p D(p), S(p) Market demand Market supply p* q* An excise tax raises the market supply curve by $t, raises the buyers’ price and lowers the quantity traded. p $t b qt