The table shows the market for tulips. Price(dollars per bunch)Quantity demandedQuantity supplied(bunches per week)101004012906014808016701001860120 If tulips are taxed at $6 a bunch, what is the tax revenue?Tax revenue is $______ a week.

equilibrium is achieved at the output level where Qs=Qd thus Q*= 80 units and P*= $14

Answered: e table shows the market for tulips.…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Price (dollars per bunch)	Quantity demanded	Quantity supplied
(bunches per week)
10	100	40
12	90	60
14	80	80
16	70	100
18	60	120

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QUESTION 10 Refer to the figure below: Tprice 10 6. 6. 4. D ater tade 10 20 30 40 50 60 70 80 quantity From the figure above, calculate the following: 1. The new price that the buyers will pay after the taxes. 2. The new price that the sellers will receive after the taxes 3. The tax burden on the buyers. 4. The tax burden on the sellers. 5. Tax size per unit. Note: Make sure to show details wherever necessary and possible. T T TT Paragraph 3 (12pt) E T - Arial T T HTML CSS O f Mashups 囲国旺 , 田! II
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Figure 4-5. The graph shows the impact of an excise tax. Price $2.00 1.50 1.00 .50 B A M E H K I 350 F 500 Quantity tax G Stax $1.00 for consumers and $0.50 for producers $1.00 for consumers and $1.00 for producers. $0.25 for consumers and $0.75 for producers. $0.50 for consumers and $0.50 for producers. S DSR Refer to Figure 4-5. The amount of the actual tax burden paid by consumers and producers is
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Question 6
Kel ng Time: * Question Completion Status: The vertical distance between points and represents a tax in the market. PRICE 12 10 9 8 CO 76 5 inutes, 37 seconds. 4 3 2 1 A B Supply Demand +++ H 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5 6) QUANTITY Refer to Figure 8-2. The amount of tax revenue received by the government is a. $2.50. b. $9. c. $4. d. $5. A Moving to another question will save this response. Mac
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3 3 points The figure below shows the market for snowboards in the state of Colorado. The Colorado state legislature has imposed a sales of tax on each snowboard sold. Assume that the pre-tax price of a snowboard was $50. After the tax, consumers are paying $55 per snowboard while firms are receiving $40 per snowboard. DI Arse 1 The tax burden on households is $30 0000 O $5 $10 $15 $20 Sept O100

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e table shows the market for tulips. Price (dollars per bunch) Quantity demanded Quantity supplied (bunches per week) 10 100 40 12 90 60 14 80 80 16 70 100 18 60 120 If tulips are taxed at $6 a bunch, what is the tax