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Due to presence of HOMEWORKLIB POLICY, I am answering one question (figure question).
8.
Ans: (A)
Explanation: Total tax = 3
Tax borne by sellers = 10 - 8 = 2
Tax borne by consumers = 3 - 2 = 1
9.
Ans: (C)
Explanation: Deadweight Loss = 0.5(Tax)(Change in quantity) = 0.5(3)(600 - 500) = 150
10.
Ans: (A)
Explanation: MC without tax with new quantity = 8
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