Multiple Choice Question: 1. The amount of the tax 2. The difference between the price paid by customers and the price received by sellers 3. The tax wedge 4. The total tax revenue generated for the government   Give explanation for the answer. please don't provide answer in image format. Thank you.

Q: PRICE (Dollars per pinckney) A. he following graph represents the demand and supply for pinckneys…

A: Equilibrium is achieved at the output level where Qs equals Qd.

Q: The graph illustrates the market for Internet service Draw a point to indicate the market price of a…

A: Gathering taxes is a crucial way for nations to create public revenues that make it conceivable to…

Q: The supply for gasoline is more elastic than the demand of gasoline. If gasoline is taxed $1 per…

A: The question is asking about the division of tax burden between buyers and sellers when a tax is…

Q: Explain three different types of taxes imposed in the United States including the reason for its…

A: Following are the three types of tax imposed in the United States: Progressive Regressive…

Q: What is market reform and individual preferences,

A:

Q: What will the federal government do to taxes?

A: The federal government uses fiscal policy as a tool to achieve economic stability.This involves…

Q: The government raises taxes on cigarettes from $1 per to $2 per pack. Prior to the tax increase, 5…

A: (a) Before increase in tax, the tax rate was t0 = $1 and quantity sold was q0 = 5 million packs The…

Q: The graph shows the market for flashlights when the government imposes a tax of $6 per flashlight on…

A: Meaning of Tax Imposition:The term tax imposition or the tax hike refers to the situation under…

Q: Don't use ai to answer I will report your answer Solve it Asap with explanation and calculation

A: The tax rate is just the difference of the ST and S curves. As can be seen from the graph, when ST…

Q: Price (P) S2 (after tax) S, (before tax) Тах $35 $30 $25 $20 D 90 100 Quantity (Q) e diagram above…

A: Answer: option d ($10) Explanation: The S2 has shifted up by $10 at each quantity. So the tax amount…

Q: A tax will be split equally between buyers and sellers when:

A: Taxes are defined as mandatory contributions which are levied on individuals or corporations by the…

Q: Calculate the size of the deadweight loss associated with this tax. ->

A: The demand curve is the graphical representation of the relationship between the quantity demanded…

Q: QUESTION 9 Refer to Figure 1. The government tax revenue is $. price $13 $10 $8 $4 $ 1 B Si So A 10…

A: Govt revenue refers to the total amount of money that a govt collects from various sources to fund…

Q: Look at the provided figure. Which area represents the tax revenue after the tax? Amount of the tax…

A: Taxes are the necessary payments that the agents within the nation have to make to the government.…

Q: Find the marked price and sales tax.   Total price Sales tax rate Marked price Sales tax ​$396.77…

A: The market price is the price at which a good or service is currently being bought or sold. The…

Q: In general, increasing a tax on a seller blank A. increases the amount buyers purchase B. increase…

A: In order to get the tax revenue, government chooses to tax on either buyer and seller.

Q: why is the tax rate 6?

A: A pigouvian tax will be optimal when it is set equal to marginal social pollution cost at the…

Q: Which of the following is an example of an exemption?

A: Exemptions are mentioned in the law and these exemption reduces the taxable income. Government…

Q: Which tax is the largest source of tax revenue in the United States? personal income taxes…

A: The largest source of the tax revenue of the United States government has individual tax been since…

Q: Instructions: Type in the amount of a tax, and click Supply or Demand to choose whether the tax is…

A: The supply curve shows the quantity of a good or service that producers are willing and able to sell…

Q: The graph shows the market for cigarettes with no tax. Draw a point to show the market equilibrium…

A:

Q: What can be a reason why inflation is not occuring when government spending increases in an economy?

A: inflation refers to the sustained rise in the general price level. It is the general rise in the…