Figure 8-5Price$2216Tax10300600Quantity8. Refer to Figure 8-5. With a tax imposed in this market, what would consumer surplus be?a. $900b. $3600c. $4500

Equilibrium is achieved at the output level where Qs=Qd

Answered: gure 8-5 ice 22 16 Tax 10 300 600…

ENGR.ECONOMIC ANALYSIS

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23 out Figure 8-7 Price $22- 20- 18- 16 14- 12 10- 8 6- 4- 2 0 -Tax- 5 10 15 20 25 30 35 40 45 50 Quantity Refer to Figure 8-7. What would the total surplus before the tax be? a. $250 b. $200 X C. $300 d. $350
don't use chatgpt answer and i need correct answer proper explanation step by step and i will 10 upvotes.
I# u tax Muvenu will be. Size is AB. then te tax 22 16 10 6. Demand 2. 00 600 a) $600 b) $ 800 5500 e)$700
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point(s) possible Submit Next question The graph shows the market for basketballs, when sellers are taxed $6 a ball. Price (dollars per ball) 27 What is the excess burden of the tax? 25- Is the demand for basketballs or the supply of basketballs more inelastic? $+tax 23- 21- 19- Draw a shape that shows the excess burden of the tax on basketballs. 17+16 15 15- AS The excess burden of the tax on basketballs is $ million. 13- D The supply of basketballs is more than the demand for basketballs, and 11-T0 the pays most of the tax. SS 9- O A. inelastic; seller 7- 12 O B. inelastic; buyer 5+ 16 12 Quantity (millions of balls) 8. C. elastic; buyer D. elastic: seller >> Draw only the objects specified in the question. its O Time Remaining: 00:53:44 Next mpleted his course (ECON202 s2022 online) is based on Bade/Parkin: Foundations of Microeconomics, 9e MacBook Pro O O O O
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1 ut Figure 8-4 . Price $24 16 10- a. $16 b. $14 X C. $6 d. $8 Tax Refer to Figure 8-4. What is the per-unit burden of the tax on the sellers? Figure 8-5 70 100 Quantity
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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gure 8-5 ice 22 16 Tax 10 300 600 Quantity Refer to Figure 8-5. With a tax imposed in this market, what would consumer surplus be? a. $900 b. $3600 c. $4500