Suppose that in response to a $3 excise tax being imposed on firms providing car washes, the price of a car wash rises from $13 to $15. How much of the tax is actually paid by consumers?1 point$6$1$2$3
Question
Suppose that in response to a 13 to 62$3
Solution
Before the tax, consumers were paying 15. Therefore, consumers are now paying 2 of the 2.
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