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y axis on graph

/in /by

y axis on graph reads: Price of hamburger (25)

x axis on graph reads: Quantity of hamburger (23)

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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’. ATTACHMENT PREVIEW

 
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