P = -40a +50 P = 40, +10 A tax of 8JD is imposed on every unit sold Answer the question in accordance with the following graph Demang B 1. Equilibrium quantity before tax is imposed : a) 5 b) 25 c) 15 E) Otherwise 2. Equilibrium price before tax is imposed : a) 45 b) 55 c) 70 E) Otherwise 3. Equilibrium quantity after tax is imposed : a) 30 b) 25 c) 15 E) Otherwise 4. Equilibrium price after tax is imposed : a) 45 b) 55 c) 70 E) Otherwise 5. Values of dimensions at point A: a) 0,100 b) 0,50 c) 0,120 E) Otherwise 6. Values of dimensions at point B: b) 60, 0 a) 30,0 c) 50,0 E) Otherwise 7. Portion of the tax born by consumer is: a) 30 b) 5 c) 20 E) Otherwise 8. Portion of the tax born by producer is : a) 10 b) 20 c) 30 E) Otherwise 9. The distance FC is : a) 5 b) 10 c) 50 E) Otherwise 10. The slope of the demand function is: b)-2 a) 2 c) 4 E) Otherwise d) 10 d) 30 d) 10 d) 100 d) 50,0 d) 0,10 d) 10 d) 25 d) 80 d) -4

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
P= -4Q +50
P = 40, +10
A tax of 8JD is imposed on every unit sold Answer the
question in accordance with the following graph
pemand
Supply
C
1. Equilibrium quantity before tax is imposed :
a) 5
b) 25
c) 15
E) Otherwise
2. Equilibrium price before tax is imposed :
a) 45
b) 55
70
E) Otherwise
3. Equilibrium quantity after tax is imposed :
a) 30
b) 25
c) 15
E) Otherwise
4. Equilibrium price after tax is imposed :
a) 45
b) 55
c) 70
E) Otherwise
5. Values of dimensions at point A:
b) 0,50
a) 0,100
c) 0,120
E) Otherwise
6. Values of dimensions at point B:
a) 30,0
b) 60, 0
c) 50, 0
E) Otherwise
7. Portion of the tax born by consumer is:
a) 30
b) 5
c) 20
E) Otherwise
8. Portion of the tax born by producer is :
a) 10
b) 20
c) 30
E) Otherwise
9. The distance FC is :
a) 5
b) 10
c) 50
E) Otherwise
10. The slope of the demand function is:
a) 2
b) -2
c) 4
E) Otherwise
d) 10
d) 30
d) 10
d) 100
d) 50,0
d) 0,10
d) 10
d) 25
d) 80
d) -4
Transcribed Image Text:P= -4Q +50 P = 40, +10 A tax of 8JD is imposed on every unit sold Answer the question in accordance with the following graph pemand Supply C 1. Equilibrium quantity before tax is imposed : a) 5 b) 25 c) 15 E) Otherwise 2. Equilibrium price before tax is imposed : a) 45 b) 55 70 E) Otherwise 3. Equilibrium quantity after tax is imposed : a) 30 b) 25 c) 15 E) Otherwise 4. Equilibrium price after tax is imposed : a) 45 b) 55 c) 70 E) Otherwise 5. Values of dimensions at point A: b) 0,50 a) 0,100 c) 0,120 E) Otherwise 6. Values of dimensions at point B: a) 30,0 b) 60, 0 c) 50, 0 E) Otherwise 7. Portion of the tax born by consumer is: a) 30 b) 5 c) 20 E) Otherwise 8. Portion of the tax born by producer is : a) 10 b) 20 c) 30 E) Otherwise 9. The distance FC is : a) 5 b) 10 c) 50 E) Otherwise 10. The slope of the demand function is: a) 2 b) -2 c) 4 E) Otherwise d) 10 d) 30 d) 10 d) 100 d) 50,0 d) 0,10 d) 10 d) 25 d) 80 d) -4
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