Answer to Question #85568 in Microeconomics for eshita patel

Question #85568
1. Consider the incidence (or distribution) of the tax payments between employees (suppliers) and employers (demanders). Consider how the incidence would change if the supply curve was more inelastic and/or the demand curve was more elastic. 2. Analyze the impact of a tax on employees, employers, the government, and society as a whole. Explain why the losses in net benefits to employees and employers are larger than their respective shares of the tax payments. 3. Carefully consider whether the government should implement a tax. Analysis of a Tax

Wage: $/Hour
Quanity of Labour: Hours
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