Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / Suppose that a local government levies an excise tax on hotdog sellers Before the tax 3 mi...

Suppose that a local government levies an excise tax on hotdog sellers Before the tax 3 million hotdogs were sold at a price of $0.75 per hotdog With the tax in effect

Suppose that a local government levies an excise tax on hotdog sellers. Before the tax, 3 million hotdogs were sold at a price of $0.75 per hotdog. With the tax in effect, 2.5 million hotdogs are sold, consumers pay $0.95 per hotdog, and sellers receive $0.65 per hotdog. In the scenario above, what is the amount of the tax per hotdog? $ (Enter a number with two digits after the decimal point, e.g., 0.40.) In the scenario above, what percentage of the tax is paid by buyers? % (Round your answer to a whole number, e.g., 25.)

Apr 23 2020 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions