12-10-8-6-4-2-Price (dollars per smartphone charger)0+0S2D4681012Quantity (millions of smartphone chargers per year)>>> Draw only the objects specified in the question.Next The graph shows the market for smartphone chargers.Draw a point to show the price of a smartphone charger and the quantity bought and sold.Label it 1.The government imposes a tax of $4 per smartphone charger on buyers.Draw the D-tax curve and label it.Draw a point to show the price paid by buyers and the quantity bought and sold with thetax. Label it 2.Draw a point to indicate the price received by sellers and the quantity bought and sold withthe tax. Label it 3.The tax isO A. split between the buyers and sellers, and the sellers pay more than the buyersOB. paid by the sellers because if the price rises by the amount of the tax sellers willlose businessOC. split evenly between the buyers and sellersOD. paid by the buyers because it is imposed on the buyers by the government.

A tax is a mandatory expense or monetary charge levied by any administration on an individual or an…

Answered: 12- 10- 8- 6- 4- Price (dollars per…

12- 10- 8- 6- 4- Price (dollars per smartphone charger) 2- 0+ 0 S 2 D 4 6 8 10 12 Quantity (millions of smartphone chargers per year) >>> Draw only the objects specified in the question.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

12-
10-
8-
6-
4-
2-
Price (dollars per smartphone charger)
0+
0
S
2
D
4
6
8
10
12
Quantity (millions of smartphone chargers per year)
>>> Draw only the objects specified in the question.
Next

The graph shows the market for smartphone chargers.
Draw a point to show the price of a smartphone charger and the quantity bought and sold.
Label it 1.
The government imposes a tax of $4 per smartphone charger on buyers.
Draw the D-tax curve and label it.
Draw a point to show the price paid by buyers and the quantity bought and sold with the
tax. Label it 2.
Draw a point to indicate the price received by sellers and the quantity bought and sold with
the tax. Label it 3.
The tax is
O A. split between the buyers and sellers, and the sellers pay more than the buyers
OB. paid by the sellers because if the price rises by the amount of the tax sellers will
lose business
OC. split evenly between the buyers and sellers
OD. paid by the buyers because it is imposed on the buyers by the government.

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