In the diagram above,D represents the original demand curve,S represents the original supply curve,and S' represents the supply curve once a per-unit tax is imposed.
-Refer to the diagram above.The burden of the tax to consumers is measured by the distance
Definitions:
Encoding
The method of transforming data into a format that can be retained in memory storage.
Storage
The retention of information or material in memory for future retrieval.
Retrieval
The process of getting information out of memory storage and into conscious awareness.
Over Time
Refers to the duration or period during which events or processes occur or continue.
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