Problem
Suppose the federal government decides to levy a sales tax of $1.00 per pie on pizza. Briefly explain whether you agree with the following statement, made by a representative of the pizza industry: The pizza industry is very competitive. As a result, pizza sellers will have to pay the whole tax because they are unable to pass any of it on to consumers in the form of higher prices. Therefore, a sales tax of $1.00 per pie will result in pizza sellers receiving $1.00 less on each pie sold, after paying the tax. Illustrate your answer with a graph.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.