00:01
Okay, so the question is a brief explain the effect of how the text in pennsylvania are collected has on the price of a gloss of wine purchased by a consumer at the restaurant estate.
00:14
Okay, so let's first say draw a growth.
00:18
I think about the original market.
00:21
We have demand current supply curve.
00:23
So if a tax is applied to the center, so we will see a supply decrease because there's a tax applied.
00:30
So supply will do cross.
00:32
We'll see upper shift, and this can amount of vertical change will be definitely the amount of tax per unit.
00:40
Okay, so we'll see a new supply curve, and we can find a new equilibrium.
00:46
This is p prime, and this is q prime, and the original equilibrium, q star, and p star.
00:58
So basically you could see that.
01:01
So what is the tax supply to the setter? the seller, the buyer need to pay a higher price.
01:07
This is what the buyer pays.
01:12
And the seller can only accept this amount.
01:16
There should be the sellers get the price at this amount, at this price...