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5. Calculating tax incidence
Suppose that the U.S. government decides to charge cola consumers a tax. Before the tax, 10,000 cases of cola were sold every week at a price of $4 per case. After the tax, 5,000 cases of cola are sold every week; consumers pay $6 per case (including the tax), and producers receive $3 per case.
The amount of the tax on a case of cola is
per case. Of this amount, the burden that falls on consumers is
per case, and the burden that falls on producers is
True or False: The effect of the tax on the quantity sold would have been larger if the tax had been levied on producers.
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