Question

HW Score: 88 89% X End of Chapter 4.7 RSS WUR According to the graph how much is the government tax on cie ? $ 1.50 per pack or your response rounded to decimal aces) What price de producers receive after paying the tax? $5 per pack (Enter your response rounded to two decimal places) How much tax revenue does the government collect? $27 billion dollars per year (Enter your response rounded to two decad es) If the tax were collected from the buyers of cities, the graph would die from the one shown here by having OA nossa al OB demandshut down simultaneously with and by the same amount as the upward shift in supply OC. demand set up by the tax per pack instead of supply sitting up by the per pack OD demand shift down by the tax per pack instead of supply shifting up by the tax per pack. o 121620364 Quant ons of packs per year Click to select your answer and then click Check Answer

Answer 1

taxt verrical difference = 6.5-5= 1.5/pack h2 Penil recewed by producer = 5 tax revenue & & 188 1.5 - $27 billion dollar mo ans is When tua is imposed on Buyer them DD nowe shifts downward by exactly the am amount of tar, as shown in the scapp by siele of the diagram the