Assume the government imposes $2.25 tax on suppliers, which results in a shift of the supply curve from s1 to s2. the price the consumer pays for the product after the tax is imposed on the suppliers is

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21-06-2022
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Assume the government imposes $2.25 tax on suppliers, which results in a shift of the supply curve from s1 to s2. the price the consumer pays for the product after the tax is imposed on the suppliers is

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jayilych4real jayilych4real · Answer 1 · 2022-07-04T19:47:40+02:00

The price the consumer pays for the product after the tax is imposed on the suppliers is $3.50

What is a Supply Curve?

This refers to the relationship between offered quantities in a market and the different prices of such products.

Hence, we can see that from the complete text, there is a graph that shows the relationship between quantity and price which shows the upward curve of the product because after the tax was imposed on the suppliers, the price was $3.50