Homework Answers
Without tax, the equilibrium is determined by the intersection of demand and supply curve.
Equilibrium price $10 and quantity 10 units.
When government imposes tax of $4 on the seller, then supply curve will shift leftward. New equilibrium price will be $12 and equilibrium quantity will be 8 units.
Hence it can be said that if a $4 per-unit tax is imposed on the sellers of this good. Then 8 units of this good will be sold after the tax is imposed.
Add Answer to:
Suppose a $4 per-unit tax is imposed on the sellers of this
good. How many units...
Suppose a $3 per-unit tax is imposed on the sellers of this good. 1) What is...
Suppose a $3 per-unit tax is imposed on the sellers of this
good.
1) What is the effective price that sellers will receive for the
good after the tax is imposed?
2) What price will buyers pay for the good after the tax is
imposed?
3)How much is the burden of this tax on the buyers/sellers in
this market?
How do you calculate it? Please explain.
Price 20 18 16 14 12 10 8 6 4 D 10 12 14...
Refer to Figure 1. Suppose a $3 per-unit tax is imposed on the sellers of this good. How much is the burden of this tax on the buyers in this market
QUESTION #1 Refer to Figure 1. Suppose a $3 per-unit tax is
imposed on the sellers of this good. How much is the burden of this
tax on the buyers in this market? What price will buyers pay for
the good after the tax is imposed? Explain clearly.QUESTION #2 Refer to Figure 1. Suppose a $3 per-unit tax is
imposed on the sellers of this good. How much is the burden of this
tax on the sellers in this market? What is...
Refer to Figure 7. The price paid by buyers after the tax is imposed is a. $8. b. $16. C. $14. d. $12.
Refer to Figure 7. The price paid by buyers after the tax is imposed is a. $8. b. $16. C. $14. d. $12.Refer to Figure 7. The effective price received by sellers after the tax is imposed is a. $8. b. $16. c. $14. d. $12.Refer to Figure 7. The amount of the tax per unit is a. $4. b. $8. C. $14. d. $10.Refer to Figure 7. The per-unit burden of the tax is a. $2 for buyers and...
Problem la: What is the effect of a $4 unit tax imposed on the seller? Problem...
Problem la: What is the effect of a $4 unit tax imposed on the seller? Problem 16: What is the effect of a $4 unit tax imposed on the buyer? 2n 1 Price 1 Price 2 4 6 8 10 12 14 16 Duantity 2 4 6 8 10 12 14 16 puantity Use the graph above to answer the questions: Use the graph above to answer the questions: i. Show on the graph what curve would shift asi. Show...
Refer to Figure 6-8. The effective price that buyers ay after the tax is imposed is
6. Refer to Figure 6-8. The effective price that buyers ay after the tax is imposed is 7. Refer to Figure 6-8. The price that sellers receive after the tax is imposed is8. Refer to Figure 6-8. The amount of the tax per unit is 9. Refer to Figure 6-8. The burden of the tax on sellers is 10. Refer to Figure 6-8. Suppose the same Sand D curves apply, and a tax of the same amount per unit as shown here is...
Refer to Figure 6-26. The effective price received by sellers after the tax is imposed is
Refer to Figure 6-26. The effective price received by sellers after the tax is imposed is a. $8 b. $16 c. $14 d. $12
4. (10 points total) The graph below shows the market for gasoline. A per-unit tax is...
4. (10 points total) The graph below shows the market for gasoline. A per-unit tax is imposed on sellers of gasoline as shown in the figure below. Price (dollars per gallon) 0 2 4 6 8 10 12 14 Quantity (thousands of gallons per day) (1 point) What is the amount of the per-unit tax? Explain briefly. (2 points) After the tax is imposed, what is the price paid by the buyers? Explain briefly. (2 points) After the tax is...
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...
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 $4 and
and market supply is given by the equation pop Suppose per unit tax is imposed that...
and market supply is given by the equation pop Suppose per unit tax is imposed that reduces the amber of units bought and sold in the market to 25s What is the size of the tax, and who bears the greater burden of the buyers or sellers 120 point
Please help with these questions.. thank you. Price ($/unit) Supply Demand OL 10 11 12 13 17 Quantity (units) 18. Re...
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?...
Suppose a $3 per-unit tax is imposed on the sellers of this
good.
1) What is the effective price that sellers will receive for the
good after the tax is imposed?
2) What price will buyers pay for the good after the tax is
imposed?
3)How much is the burden of this tax on the buyers/sellers in
this market?
How do you calculate it? Please explain.
Price 20 18 16 14 12 10 8 6 4 D 10 12 14...
QUESTION #1 Refer to Figure 1. Suppose a $3 per-unit tax is
imposed on the sellers of this good. How much is the burden of this
tax on the buyers in this market? What price will buyers pay for
the good after the tax is imposed? Explain clearly.QUESTION #2 Refer to Figure 1. Suppose a $3 per-unit tax is
imposed on the sellers of this good. How much is the burden of this
tax on the sellers in this market? What is...
Problem la: What is the effect of a $4 unit tax imposed on the seller? Problem 16: What is the effect of a $4 unit tax imposed on the buyer? 2n 1 Price 1 Price 2 4 6 8 10 12 14 16 Duantity 2 4 6 8 10 12 14 16 puantity Use the graph above to answer the questions: Use the graph above to answer the questions: i. Show on the graph what curve would shift asi. Show...
4. (10 points total) The graph below shows the market for gasoline. A per-unit tax is imposed on sellers of gasoline as shown in the figure below. Price (dollars per gallon) 0 2 4 6 8 10 12 14 Quantity (thousands of gallons per day) (1 point) What is the amount of the per-unit tax? Explain briefly. (2 points) After the tax is imposed, what is the price paid by the buyers? Explain briefly. (2 points) After the tax is...
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 $4 and
and market supply is given by the equation pop Suppose per unit tax is imposed that reduces the amber of units bought and sold in the market to 25s What is the size of the tax, and who bears the greater burden of the buyers or sellers 120 point
Please help with these questions.. thank you.
Price ($/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?...
Most questions answered within 3 hours.
-
Cereal for Breakfast. A cereal company claims
70% of Americans start the day with cereal for...
asked 57 seconds from now -
An elevator has a placard stating that the maximum capacity is
2400 lblong dash15 passengers.​ So,...
asked 1 minute ago -
two charged proteins P1 and P2 are located at the positions
(1m,1m) and (-1m,1m) respectively on...
asked 12 minutes ago -
eBook
Calculator
Job Order Cost Sheet
Remnant Carpet Company sells and installs commercial carpeting
for office...
asked 17 minutes ago -
Using Kapustinskii equation, determine the lattice energy of a
hypothetical compound NaCl2 . Assume the sum...
asked 19 minutes ago -
Most schools and
businesses require some standard style of documentation for written
reports. Discuss why might...
asked 17 minutes ago -
cookbooks are going metric. in such books 1 cup is equal to 240
ml. Express 1...
asked 20 minutes ago -
________40. Which of the following is the correct sequence of
steps in the general
adaptation...
asked 28 minutes ago -
Hi, Please draw the network diagram.
Activity D on a CPM network has predecessors B and...
asked 30 minutes ago -
Explain how bacteria can be used in Food production
Explain the fermentation of Milk & Cheese...
asked 35 minutes ago -
A uniform, solid sphere of radius 4.50 cm and mass 4.50 kg
starts with a purely...
asked 50 minutes ago -
Consider the prisoners’ dilemma we discussed in class, with the
following twist. If both prisoners choose...
asked 34 minutes ago