Consider the market below. a. Suppose there is a $15 per unit tax levied on sellers. Draw the after-tax supply curve. Instructions: Use the tool provided (S2) to draw the after-tax supply curve. Be sure your endpoints are at Q = 0 and Q = 180. 35 25 。ជាគឺ៣ ៩ ៦ ៦៦ ន៣៦ Price ($) 70 65 Tools 60 55 After-tax P 50 45 -9 40 buyers After-tax P 30 D sellers 20 15 10 5 0 20 40 60 80 100 120 140 160 180 200 Quantity b. Plot the after-tax price paid by consumers and the after-tax price received by sellers. Instructions: Use the tools provided to draw the after-tax price received by consumers (After-tax Pc) and the after-tax price received by sellers (After-tax Ps)- c. The total tax revenue collected from this market is $

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Consider the market below.
a. Suppose there is a $15 per unit tax levied on sellers. Draw the after-tax supply curve.
Instructions: Use the tool provided (S2) to draw the after-tax supply curve. Be sure your endpoints are at Q = 0 and Q = 180.
35
25
。ជាគឺ៣ ៩ ៦ ៦៦ ន៣៦
Price ($)
70
65
Tools
60
55
After-tax P
50
45
-9
40
buyers
After-tax P
30
D
sellers
20
15
10
5
0
20 40 60 80 100 120 140 160 180 200
Quantity
b. Plot the after-tax price paid by consumers and the after-tax price received by sellers.
Instructions: Use the tools provided to draw the after-tax price received by consumers (After-tax Pc) and the after-tax price received
by sellers (After-tax Ps)-
c. The total tax revenue collected from this market is $
Transcribed Image Text:Consider the market below. a. Suppose there is a $15 per unit tax levied on sellers. Draw the after-tax supply curve. Instructions: Use the tool provided (S2) to draw the after-tax supply curve. Be sure your endpoints are at Q = 0 and Q = 180. 35 25 。ជាគឺ៣ ៩ ៦ ៦៦ ន៣៦ Price ($) 70 65 Tools 60 55 After-tax P 50 45 -9 40 buyers After-tax P 30 D sellers 20 15 10 5 0 20 40 60 80 100 120 140 160 180 200 Quantity b. Plot the after-tax price paid by consumers and the after-tax price received by sellers. Instructions: Use the tools provided to draw the after-tax price received by consumers (After-tax Pc) and the after-tax price received by sellers (After-tax Ps)- c. The total tax revenue collected from this market is $
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