The vertical distance between points A and B represents the tax in the market. 24 16 10 price $6 $ 210 $ 14 70 The deadweight loss of the tax on sellers is $ 420 100 S quantity
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- ut Figure 6-13 Price F1 Price 191-4 on this page 2 W F2 # (a) 3 (c) E 80 fer to Figure 6-13. In which market will the maiority of a tax be paid by the buyer? F3 Quantity $ 4 Quantity R Price F4 Price 5 0 F5 (b) (d) 6 D F6 Quantity D Quantity & 7 F7 8 DII F8The graph shows the market for backpacks. Price (dollars per backpack) 22- 20+ 18- 16- 14- 12+ 10- 8- မှာ 0 100 S D 200 300 400 500 600 700 800 Quantity (backpacks per day) If a sales tax of $4 a backpack is imposed, calculate the tax burden. The tax burden is $ Type a day.Figure 8-3 The vertical distance between points A and B represents a tax in the market. PRICE 56822388& 44 20 24 20 12 Supply Demand 5 10 15 20 25 30 35 40 45 50 55 60 QUANTITY Refer to Figure 8-3. Suppose a 20 th unit of the good were sold by a seller to a buyer. Which of the following statements is correct? a. For the 20 th unit, the difference between the buyer's value and the seller's cost is less than the tax per unit. b. For the 20 th unit, the difference between the buyer's value and the seller's cost is equal to the tax per unit. c. For the 20 th unit, the difference between the buyer's value and the seller's cost is greater than the tax per unit. d. It makes sense for the buyer to buy and for the seller to sell the 20 th unit, with or without the tax in place.
- Hello I need help with introducing a per unit tax into this diagram? Also How do I do this,label the quantity, the new buyer (consumer) price and the new seller (producer) price?If a $6 per unit tax is introduced in this market, then the price that consumers pay will equal, producers receive net of the tax will equal and the price that 12 S 11 10 B 6 10 20 30 40 50 60 70 80 90Why does the government ass excise taxes to certain products?
- Price $6.00 $8.00 $10.0 $4.00 $20 18 16- 14 12 10- 8 6- 4- 2 0 10 20 30 40 50 60 70 80 90 Dafter Tax D Quantity Refer to the figure above. What is the share of the tax burden per unit that sellers would pay?Discuss the 5 properties of a good tax systemHow much tax revenue does this tax produce for the government? a Figure 6-19 $24 b $30 P C $32 9 $56 8 00 price Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. 7 6+ 5 4 S after tax. $ D 4 6 8 10 12 14 16 quantity
- Price P3 P₂ P1 0 -Tax- A D Q₁ B Q₂ S D QuantityEOC 9.01 If the government decides to increase the tax on gasoline from $0.10 to $0.12 per litre, what happens to the deadweight loss from this tax? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. It rises by more than 20%. a b It rises by less than 20%. It rises exactly 20%. Deadweight loss will not change.$12 10 4500 5000 Quantity Consider the impact of a tax on sellers, shown in this diagram of the market for whiskey. In this case, the buyers' total share is and the sellers' total share is $500; $500 $6750; $6750 $9000; $450O None of the above are correct.