Ans: $4
Explanation:
Suppose a tax of $6 per unit is imposed on this market then the market price will be $10.
Consumer will pay $10 and seller will receive $4.
The tax per unit = $10 - $4 = $6
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...
Figure 6-25 Trice Daterte 70 80 quantity 10 20 30 40 50 60 Refer to Figure 6-25. The effective price that sellers receive after the tax is imposed is $5. $6. $7. $8.
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...
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...
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...
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...
d. $39,500. Figure 6-25 10 10 20 30 40 50 60 70 80 axtity 52. Refer to Figure 6-25. The burden of the tax on buyers is a SI per unit. b. $1.50 per unit. c. $2 per unit. d. $3 per unit 53. Which of the following is not correct?
QUESTION 15 Figure 6-6 Tarice 10 20 30 40 50 60 70 80 quantity Refer to Figure 6-6. If the government imposes a price ceiling of $8 on this market, then there will be O a. a shortage of 10 units. O b. a shortage of 20 units. O c. no shortage. O d. a shortage of 40 units.
Figure 6-26 Tmice 20 18 16 14 12 10 8 6 4 2 D der e 10 20 30 40 50 60 70 S0 90 100 110 120 130 {स Refer to Figure 6-26. How much tax revenue does this tax produce for the government? $480 $640 S360 $120 Previous 20 21 25 26 27 28 29 Next % @
Te 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 entity Refer to Figure 6-8. If the government imposes a price floor of $5 on this market; then there will be a. a surplus of 15 units of the good. b. a surplus of 5 units of the good. c. no surplus of the good. d. a surplus of 10 units of the good. When a tax is imposed on the sellers...
Te 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 entity Refer to Figure 6-8. If the government imposes a price floor of $5 on this market; then there will be a. a surplus of 15 units of the good. b. a surplus of 5 units of the good. c. no surplus of the good. d. a surplus of 10 units of the good. When a tax is imposed on the sellers...