The price that buyers pay is determined at the intersection of demand curve and supply curve after tax(s+t).Price buyers pay=60
Answer-$60
Question 36 Figure 6-32 Price 20 ELENTEND 10 20 30 40 50 60 70 80 100 Quantity Refer to Figure 6-32. Which of following statements is true based upon the conditions in the market? a shortage will develop when a price ceiling is imposed at a price of S10. a surplus will develop when a price floor is imposed at a price of $8. a surplus will develop when a price floor is imposed at a price of $12. a...
Figure: The Market for Productivity Apps Price $6 D, 0 10 20 30 40 50 60 Quantity 36. (Figure: The Market for Productivity Apps) Look at the figure The Market for Productivity Apps. If the government imposes a tax of S1 in this market, consumers will pay A) S0.50; 5 B) S1;5 C) S0.50; 20 D) S1; 25 more per app and purchase fewer apps.
(dollars per gallon) Production ...quota - ES 10 20 0 e 30 40 50 60 Quantity (thousands of gallo S 4) Based on the figure above, a. What is the free-market equilibrium price? b. What is the price after the government starts implementing the production quota? c. What is the consumer surplus after the production quota? d. Calculate the change in the total producer surplus after the production quota, and based on your finding, explain if the producers are better...
20) Figure 6-28 10 20 30 40 50 60 70 Q Refer to Figure 6-28. Suppose a tax of $6 per unit is imposed on this market. How much will sellers receive per unit after the tax is imposed? $4 between $4 and
Dollars per Gallon 10 20 30 40 50 Millions of Gallons per Day For a gasoline market, at a price of $3.00 per gallon of gasoline, there would be more quantity demanded than quantity supplied a shortage of gasoline. an equilibrium. a surplus of gasoline. For a gasoline market, at a price of $1.5 per gallon of gasoline, there would be O a surplus of gasoline. O a shortage of gasoline. O an equilibrium. more quantity supplied than quantity demanded
QUESTION 52 Figure 6-22 Tanie 5 10 15 20 25 30 35 40 45 50 55 60 65 70 qani Refer to Figure 6-22. As the figure is drawn, who sends the tax payment to the government? O a. The buyers send the tax payment. O b. The question of who sends the tax payment cannot be determined from the graph. Oc. A portion of the tax payment is sent by the buyers, and the remaining portion is sent by...
Part 1.
What was the equilibrium price in this market before the
tax?
What is the amount of the tax?
How much of the tax will the buyers pay?
How much of the tax will the sellers pay?
How much will the buyer pay for the product after the tax is
imposed?
How much will the seller receive after the tax is imposed?
As a result of the tax, what has happened to the level of
output?
Calculate the economic...
Price and cost cents per unit) -LRAC MR 20 0 10 30 DMC 40 50 Quantity (units per day 11) If an average cost pricing rule is imposed on the firm in the figure above, the deadweight loss will be A) $250. B) zero. C) $150. D) $50.
50 Price and cost (cents per unit) 30 20 LRAC MR MC D o 10 20 30 40 50 Quantity (units per day If a marginal cost pricing rule is imposed on the firm in the figure above, the deadweight loss will be zero. $100. $50. ООО $200.
30) The figure above shows that
the government provides a subsidy to the farmers of ________
million.
A) $350
B) $1,050
C) $50
D) $100
E) $700
Price (dollars per ton) 70+ S 60 50+ 40 Support price 35 25 10+ D 0 10 20 25 30 40 50 Quantity (millions of tons per year)