The graph above shows the market for??hamburger, which is in equilibrium. Hamburger is a normal??good, and people alike to eat cheese with hamburger. Beef is an input to hamburger production.
Suppose that there is an increase in taxes.
1.) Using the line drawing tool?, show the effect on the market. Properly label your new curve.
2.) Using the point drawing tool?, show the new equilibrium price and quantity. Label your point??'E'.
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