Suppose that the U. S. government decides to charge beer consumers a tax. Before the tax, 20 billion cases of beer were sold every year at a price of $7 per case. After the tax, 14 billion cases of beer are sold every year; consumers pay $8 per case (including the tax), and producers receive $4 per case. The amount of the tax on a case of beer is $7 per case. Of this amount, the burden that falls on consumers is $ per case, and the burden that falls on producers is $ per case. True or False: The effect of the tax on the quantity sold would have been the same as if the tax has been levied on producers. True False

The stock of grommet corporation, a u.s. company, is publicly traded, with no single shareholder owning more than 5 percent of its outstanding stock. grommet owns 95 percent of the outstanding stock of staple inc., also a u.s. company. staple owns 100 percent of the outstanding stock of clip corporation, a canadian company. grommet and clip each own 50 percent of the outstanding stock of fastener inc., a u.s. company. grommet and staple each own 50 percent of the outstanding stock of binder corporation, a u.s. company. which of these corporations form an affiliated group eligible to file a consolidated tax return?