Exercise P A. Compute $400 CS, PS, and 350 total surplus 300 without a tax. S 250 B. If $100 tax 200 per ticket, 150 compute D CS, PS, 100 tax revenue, 50 total surplus, 0 Q and DWL. 0 25 50 75 100 125 The market for airplane tickets

Exercise P A. Compute $400 CS, PS, and 350 total surplus 300 without a tax. S 250 B. If $100 tax 200 per ticket, 150 compute D CS, PS, 100 tax revenue, 50 total surplus, 0 Q and DWL. 0 25 50 75 100 125 The market for airplane tickets

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Exercise
P
A. Compute
$400
CS, PS, and
350
total surplus
300
without a tax.
S
250
B. If $100 tax
200
per ticket,
150
compute
D
CS, PS,
100
tax revenue,
50
total surplus,
0
Q
and DWL.
0 25
25
50
50
75 100 125
77
The market for
airplane tickets

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