Initially the equilibrium point is where the supply curve and the demand curve Intersects each other.
Here in the figure, the equilibrium price is $20 and $6 is the equilibrium quantity.
After the tax is imposed, the supply curve shifts to the point S'.
Now we obtain a shaded region after the tax is imposed as shown in the figure below.
Here we see that the marginal cost is not equal to the marginal benefit. Hence we obtain the deadweight loss.
The shaded region shows the deadweight loss after the tax is imposed.
To calculate it we use the formula of the area of a traingle,
Deadweight loss =1/2 * base * height.
Here base = 6 - 3 = 3, height = 15
Then the deadweight loss = 1/2 * 3 * 15 = 22.5
Question 12 Tries remaining: 2 Points out of 7.70 S Tax $40 P Flag question $30...
Question 12 Tries remaining:1 Points out of 7.70 S Tax $40 Flag question $30 $20 $10 2 4 尚 8 Calculate the Deadweight Loss that this per unit tax would generate. (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Answer: Check
Question 11 Tries remaining: 1 Points out of 7.70 S Tax $40 Flag question $30 $20 - $10 10 20 30 40 Calculate the Tax Revenue that this per unit tax would generate. (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Answer: Check
Question 1 Tries remaining: 2 Points out of 7.70 2 $ $10 Stax $8 Flag question $6 $4 $2 10 0) 30 40 50 Calculate the Deadweight Loss that this per unit tax would generate. (Do not include a S sign in your response. Round to the nearest two decimal places if necessary.) Answer: Check
Question 11 Tries remaining: 2 Points out of 7.70 PFlag question S Tax $40 $30 $20 $10 10 20 30 40 Calculate the Tax Revenue that this per unit tax would generate. (Do not include a $ sign in your response. Round to the nearest two decimal places if Answer: Check
Question 10 Tries remaining: 2 Points out of 7.70 The demand for sugar is given by: D 610 -P. The supply of sugar is given by: Qs 10P -3570. The equilibrium quantity without a tax is 230 units. The government levies a $33 per unit tax on the suppliers of sugar. Calculate deadweight loss from this tax. P Flag question (Do not include a S sign in your response. Round to the nearest two decimal places if necessary.) Answer Check
Question 11 Tries remaining: 2 Points out of 7.70 Stax Flag question $60 $40_ $20 2 4 6 8 10 Calculate the Tax Revenue that this per unit tax would generate. (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Answer Check
Question 3 Tries remaining: 2 Points out of 7.70 Calculate the dollar amount of deadweight loss from the price ceiling. The demand for wheat is given by: Op- 137.5-0.25P. The supply of wheat is given by: Qs- 10P-170. Suppose the government imposes a a price ceiling of $25 Flag question (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Answer: Check
Question 7 Tries remaining: 2 the suppliers. Points out of 7.70 Find the new supply function with the tax. Fill in the values below. P Flag question QSTAX 2P The supply of robotic welding machines is given by Qs- 2P -730. The government has levied a $275 per unit tax on (Round to the nearest two decimal places if necessary. Remember to include a negative sign if necessary.) Check
Question 10 Tries remaining: 2 quantity without a tax is 330 units. The government levies a $85 per unit tax on the suppliers of sugar. Points out of 7.70 Calculate deadweight loss from this tax. The demand for sugar is given by: aD 420-0.25P. The supply of sugar is given by: Qs- 4P-1110. The equilibrium Flag question(Do not include a S sign in your response. Round to the nearest two decimal places if necessary.) Answer: Check
Question 3 Tries remaining: 2 government imposes a a price ceiling of $49. Points out of 7.70 Calculate the dollar amount of deadweight loss from the price ceiling. The demand for wheat is given by: QD-220-P The supply of wheat is given by: Qs-5P-80. Suppose the Flag question (Do not include a S sign in your response. Round to the nearest two decimal places if necessary,) Answer: Check