Respuesta :
The sum of all taxes paid is known as tax revenue. This is the quantity sold multiplied by the amount of the excise (or per unit) tax.
What is the price and quantity in equilibrium before the tax is applied?
Prior to the tax's implementation, the supply and demand curves intersect at the equilibrium price and quantity. As a result, $5 must be the price consumers pay and the amount producers receive before tax, and 12 pinckneys must be produced to achieve equilibrium.
What does a tax example by unit mean?
In a per-unit tax, the tax base is specified in terms of a physical quantity rather than a monetary amount. If the federal government imposes a tax on each unit, for instance regardless of the price, buyers and/or sellers are required to pay an additional 10 cents for each gallon of gasoline sold.
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