A.Draw another line on the graph representing a tax increase of $1.
B.How much is the new equilibrium price and quantity?
C.How much of the tax is borne by the buyers and how much is borne by the sellers?
Definitions:
Passive-Aggressive
A behavior pattern characterized by indirect resistance to the demands of others and an avoidance of direct confrontation, as in procrastinating, harboring secret feelings of resentment, or being sullen.
Avoidant
Pertaining to a behavior or personality style characterized by the avoidance of intimacy, social interaction, or confrontation.
Ambivalent
Having mixed feelings or contradictory ideas about something or someone.
Anxiously Attached
A type of attachment style characterized by anxiety about relationships and a fear of abandonment.
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