8) Equilibrium price = 10
Equilibrium quantity = 600
option(B)
9) Price buyers pay = 16
option(D)
10) TS decreases
TS before = 0.5*600*(22-10) + 0.5*600*(10-2) = 6000
TS after = 0.5*300*(22-16) + 0.5*300*(6-2) + 300*(16-6) = 4500
TS decreases by 6000-4500 = 1500
option(C)
11) Tax on consumers = (16-10) = 6
option(C)
need to know the math behind finding these answers Figure &-6 The vertical distance between points...
I need help solving this Asap. thanks alot. Figure 1: Supply and Demand in the Market for a Good Price ($/unit) 35 27 Supply 23 19 15 13 11 9 Demand 5 13 17 Quantity (units) 11 12 10 8 6 14. Refer to Figure 1. At the market equilibrium, total consumer surplus is $10 b. $50 а. $100 d. $200 15. Refer to Figure 1. Holding the supply curve fixed, assume demand increased, which caused the equilibrium price to...
QUESTION 7 Figure: The vertical distance between points A and C represents a tax in the market. T Price Supply 1000 900+ 800 700+ 600 + 500+ 400 300 C 200+ 100 Demand 10 20 30 40 50 60 70 80 90 100110 Quantty Refer to Figure. After the taxes a. there will be a loss to the consumers of the amount $4,000. Б. there will be a loss to the consumers of the amount S6,000. Cthere will be a...
Figure 2 The vertical distance between points A and B represents the tax in the market. Tarice 24 16 10 quantity 100 70 Question 12 2 pt Refer to Figure 2. The price that buyers pay after the tax is imposed is $10 $16 $24 O $18 Question 13 Refer to Figure 2. The effective price that sellers receive after the tax is imposed is $18 $16 $10 $24 Question 14 2 pts Refer to Figure 2. The amount of...
Figure 8-3 The vertical distance between points A and C represents a tax in the market. Refer to Figure 8-3. The price that buyers effectively pay after the tax is imposed is Group of answer choices P3. P1. P4. P2. We were unable to transcribe this imagehome / study / business/ economics / economics questions and answers/ figure 8-3 the w Question: Figure 8-3 The vertical distance beti Figure 8-3 The vertical distance between points A and represents a...
Please help with these questions.. thank you. Price ($/unit) Supply Demand OL 10 11 12 13 17 Quantity (units) 18. Refer to Figure 1. Suppose a tax of $6 per unit is imposed on sellers in this market. What is the total loss of consumer surplus resulting from this tax? a $18 b. $32 C. $36 d. $48 19. Refer to Figure 1. Suppose a tax of $6 per unit is imposed on sellers in this market. Which is correct?...
Figure 8-2 The vertical distance between points A and B represents a tax in the market. 1 Price + + + Supply + + + + + + + w + Demand 05 1 15 2 253 354 455 Quantity Refer to Figure 8-2. Total surplus without the tax is a $10, and total surplus with the tax is $2.50. b. $20, and total surplus with the tax is $7.50. C. $10, and total surplus with the tax is $7.50....
The vertical distance between points A and B represents the tax in the market. Supply 24 PRICE 16 Demand 70 100 QUANTITY Refer to Figure 6-10. The per-unit burden of the tax on buyers is O a. $8. O b. $6. O C. $14. O d. $24.
D Question 20 1 pts Figure 8-7 The vertical distance between points A and B represents a tax in the market. Price 24 Supply 20 18 l6 14 10 5 10 15 20 25 30 35 40 45 0 55 60 Danti Refer to Figure 8-7. Which of the following statements is correct? The loss of producer surplus that is associated with some sellers dropping out of the market as a result of the tax is $30. 。The loss of...
The vertical distance between points A and B represents a tax in the market. Price 15 14 13 12t Supply 10 Demand s 10 15 20 25 30 35 40 4 50 35 60 65 70 75 80 8 uantity Refer to Figure 8-4. The price that buyers effectively pay after the tax is imposed is $12. between $8 and $12. between $5 and $8. S5 Previous Page Next Page
1000 1 Price Refer to Figure 8. The vertical distance between points A and Crepresent a tax in the market. The producer surplus with the tax is /Supply 900+ 800 700+ 600 +- 500+ 200+ 100+/ Demand 10 20 30 40 50 60 70 80 90 100 110 Quantity A. $12,000. o B. $3,000. o C. $6,000. o OD. $9,000.