Nyahhh4244 Nyahhh4244
  • 08-03-2024
  • Business
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Suppose sellers of cologne are required to send $1.50 to the government for every bottle of cologne they sell. Further, suppose this tax causes the price paid by buyers of cologne to rise by $0.90 per bottle. What is the tax incidence on buyers?
a. $0.90
b. $1.50
c. $2.40
d. $3.40

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