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Answer :
Answer:
(a) $3
(b) $1
(c) $2
Explanation:
(a) The amount of the tax on a bottle of wine:
= Price paid by consumers - Price received by sellers
= $5 - $2
= $3
(b) The burden that falls on consumers:
= Price paid by consumers after tax - Price paid by consumers before tax
= $5 - $4
= $1
(c) Burden that falls on producers:
= Price received by sellers before tax - Price received by sellers after tax
= $4 - $2
= $2
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