• Visit the slide show on supply, demand and market equilibrium at:
http://price.bus.okstate.edu/archive/Econ3113_963/Shows/
Chapter2/chap_02.htm
• Visit FindLaw at: http://www.findlaw.com/lawecon/
• Visit the National Center for Statistics and Analysis at: http://www.nhtsa.dot.gov/people/ncsa/
• Visit the Federation of Tax Administrators at: http://www.taxadmin.org/fta/rate/tax_stru.html
• Visit David Friedman's Internet textbook at: http://www.best.com/~ddfr/Academic/Price_Theory/
PThy_Chapter_7/PThy_Chapter_7.html
Internet Exercise
Colorado and New Mexico charge both excise and sales taxes on distilled spirits. Using the information on the Federation of Tax Administrators' Website, and assuming that other demand and supply characteristics are the same, predict which side of the Colorado-New Mexico border will tend to have the higher proportion of out-of-state liquor sales.
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