Given the demand and supply equations below, show the burden of a 50% tax on the producers. What is the (a)burden, tax revenue? Then replace the % tax with $40 per unit tax. What is the tax burden and tax revenue?A1801607401208100POGO4020% tax:Unit tax:jap 180 140 160 110 200 220 240 260 20burden on consumerburden on consumerburden on producerburden on producer-Stax revenuetax revenueQtrA

Per unit tax as well as percentage tax if collected from sellers shifts the supply curve upward,…

Given the demand and supply equations below, show the burden of a 50% tax on the producers. What is the (a) burden, tax revenue? Then replace the % tax with $40 per unit tax. What is the tax burden and tax revenue? P 180 160 740 100 PO GO 40 20 % tax: Unit tax: 100 180 140 burden on consumer burden on consumer 230 240 260 240 burden on producer burden on producer tax revenue tax revenue S Qtr P

Given the demand and supply equations below, show the burden of a 50% tax on the producers. What is the (a) burden, tax revenue? Then replace the % tax with $40 per unit tax. What is the tax burden and tax revenue? P 180 160 740 100 PO GO 40 20 % tax: Unit tax: 100 180 140 burden on consumer burden on consumer 230 240 260 240 burden on producer burden on producer tax revenue tax revenue S Qtr P

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Plz solve all parts, i vll definitely upvote
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