Figure : Tax size AC 1000 Price Supply 900 800 700 600 500 400 300 200 100 Demand 10 20 30 40 50 60 70 80 90 100110 Quantity Refer to Figure. The total surplus at the equilibrium is ) a. $8,000. O b. $45,000. O. $21,000. O d. $20,000. QUESTION 4 Price P4 Supply A P3 P2 G. P1 F Demand Quantity Q2 Q1 Refer to the graph above. If the price for the buyers increased from P2 to P3 then there will be a loss to the existing buyers which is represented by the area C. there will be a gain to the existing buyers which is represented by the area C. there will be a gain to the existing buyers which is represented by the area B. there will be a loss to the existing buyers which is represented by the area B.

Figure : Tax size AC 1000 Price Supply 900 800 700 600 500 400 300 200 100 Demand 10 20 30 40 50 60 70 80 90 100110 Quantity Refer to Figure. The total surplus at the equilibrium is ) a. $8,000. O b. $45,000. O. $21,000. O d. $20,000. QUESTION 4 Price P4 Supply A P3 P2 G. P1 F Demand Quantity Q2 Q1 Refer to the graph above. If the price for the buyers increased from P2 to P3 then there will be a loss to the existing buyers which is represented by the area C. there will be a gain to the existing buyers which is represented by the area C. there will be a gain to the existing buyers which is represented by the area B. there will be a loss to the existing buyers which is represented by the area B.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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