$7.50 $6.50 $5 $4.50 $4.25 $4 $3 D 4 10 Q 14. What price will Consumers now have to pay for a PSL?: Pc = $_6· J0 15. What price will Producers now receive for a PŠL, after the tax?: PP = §- 16. How many PSLS will now be sold?: Q = 4 Lattes 17. How much Consumer Surplus is created in this market?: CS = S. 18. How much Producer Surplus is created in this market?: PS = $. 19. How much Tax Revenue does the government receive in this market?: TAXREV = $_ 20. How much Dead Weight Loss is created in this market?: DWL= $.

$7.50 $6.50 $5 $4.50 $4.25 $4 $3 D 4 10 Q 14. What price will Consumers now have to pay for a PSL?: Pc = $_6· J0 15. What price will Producers now receive for a PŠL, after the tax?: PP = §- 16. How many PSLS will now be sold?: Q = 4 Lattes 17. How much Consumer Surplus is created in this market?: CS = S. 18. How much Producer Surplus is created in this market?: PS = $. 19. How much Tax Revenue does the government receive in this market?: TAXREV = $_ 20. How much Dead Weight Loss is created in this market?: DWL= $.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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