i. The elasticity of demand for beer in country A is 1.8 and the elasticity of demand for beer in country B is 1.7. Suppose that the supply of beer is the same in both countries and that both countries impose the same level of tax on beer. Does the consumer in country A share more burden of tax?

i. The elasticity of demand for beer in country A is 1.8 and the elasticity of demand for beer in country B is 1.7. Suppose that the supply of beer is the same in both countries and that both countries impose the same level of tax on beer. Does the consumer in country A share more burden of tax?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Help me with part by drawing graph please

i. The elasticity of demand for beer in country A is 1.8 and the elasticity of
demand for beer in country B is 1.7. Suppose that the supply of beer is
the same in both countries and that both countries impose the same level
of tax on beer. Does the consumer in country A share more burden of tax?
Suppose the demand curve for sugar is Q = 60-3P and the supply curve
is Q 2P. Suppose the government announces a per-unit tax of 1 on the
price of sugar. What is the deadweight loss from the tax?

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