A per-unit excise tax is imposed on suppliers of product X, and the market supply with the tax is now given by: Q = -19 + 2P or Ps = 9.50 + 1/2Q Using the graph on the right, show this supply curve. 1.) Using the line drawing tool, draw the new supply curve. Label your line 'S, +tax'. Note: Carefully follow the instructions above and only draw the required object. The new market equilibrium price is $ and the new equilibrium quantity unit(s). (Enter your responses as integers.) is The value of the per-unit tax is $. (Round your response to two decimal places.) C Price per unit ($) Edit coordinates (8,11) Units of good X 20- 19- 18- 17- 16- 15- 14- 13- 12- 11- 10- S 9- 8- 7- 6- 5- 4- 3- 2- The amount of this per-unit tax that will be paid by consumers is $ the amount that will be paid by the producer is $ . (Round your responses to two decimal places.) and 1. D 0+ 2 3 4 5 6 7 -σ 8 9 10 Units of good X C

A per-unit excise tax is imposed on suppliers of product X, and the market supply with the tax is now given by: Q = -19 + 2P or Ps = 9.50 + 1/2Q Using the graph on the right, show this supply curve. 1.) Using the line drawing tool, draw the new supply curve. Label your line 'S, +tax'. Note: Carefully follow the instructions above and only draw the required object. The new market equilibrium price is $ and the new equilibrium quantity unit(s). (Enter your responses as integers.) is The value of the per-unit tax is $. (Round your response to two decimal places.) C Price per unit ($) Edit coordinates (8,11) Units of good X 20- 19- 18- 17- 16- 15- 14- 13- 12- 11- 10- S 9- 8- 7- 6- 5- 4- 3- 2- The amount of this per-unit tax that will be paid by consumers is $ the amount that will be paid by the producer is $ . (Round your responses to two decimal places.) and 1. D 0+ 2 3 4 5 6 7 -σ 8 9 10 Units of good X C

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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