Homework Answers
Answer
Option 1
$40
equilibrium before tax is at S=D
where
Q=25
after-tax the P=16 buyer pay and P=8 producer receives
per unit tax =8
and the new quantity is 15 units
DWL =0.5*change in quantity * per unit tax
=0.5*(25-15)*8
=$40
QUESTION 15 Figure 5-5 11 Price - Demand 5 10 15 20 25 30 35 40...
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Question 3
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Question 3
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