7.1 TAXES ON BUYERS AND SELLERS
{"Image DocumentName": "7.1 TAXES ON BUYERS AND SELLERS", "Image ImageDescription": "The tax is like a wedge between the two prices. Suppose that the government puts a  10 tax on MP3 players. How does the price paid by the buyer change? How does the price received by the seller change? How is the burden of a tax shared between the buyer and the seller?", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}