Homework Help: economics

Posted by Anonymous on Sunday, February 28, 2010 at 10:22pm.

Assume that a bottle of wine sells for $10. The government decides to put a $1 per bottle tax on wine. What will be the new price that consumers must pay for a bottle of wine?

economics - Ms. Sue, Sunday, February 28, 2010 at 11:01pm
$10 + $1 = $11

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