Let Qa = 108 - 3p and Q, =p-4 be the demand curve and supply curve for Coke in a city. (a) At the market equilibrium, the sum of consumer surplus and producer surplus equals (b) If the city government imposes a per unit tax of $8 on Coke, then at the new equilibrium, the percentage tax burden on producers will be % (please enter the percentage number only, e.g., if your answer is 10%, then only enter 10 here);

Let Qa = 108 - 3p and Q, =p-4 be the demand curve and supply curve for Coke in a city. (a) At the market equilibrium, the sum of consumer surplus and producer surplus equals (b) If the city government imposes a per unit tax of $8 on Coke, then at the new equilibrium, the percentage tax burden on producers will be % (please enter the percentage number only, e.g., if your answer is 10%, then only enter 10 here);

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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