% 5 The graph illustrates the market for Internet service Draw a point to indicate the market price of a unit of Internet service. Label it 1 The government taxes Internet services $15 a month. Draw the supply curve following the tax. Label it. Draw a point to indicate the price a buyer pays and the equilibrium quantity following the tax. Label it 2. Draw a point to indicate the price the seller receives and the equilibrium quantity following the tax. Label it 3. O 6 Oll Selected: none & 7 O * 8 ▸ 9 Line tool 60- 50 40- 30 20- 10- 0- 0 20 30 40 50 Quantity (units per month) >>> Draw only the objects specified in the question. ✓ Price (dollars per month) Delete Clear C 10 ? 4 + S 60 Next G X US b:

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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5
The graph illustrates the market for Internet service
Draw a point to indicate the market price of a unit of Internet service.
Label it 1
The government taxes Internet services $15 a month.
Draw the supply curve following the tax. Label it.
Draw a point to indicate the price a buyer pays and the equilibrium
quantity following the tax. Label it 2.
g
Draw a point to indicate the price the seller receives and the equilibrium
quantity following the tax. Label it 3.
t
O
6
Oll
y
h
Selected:
none
&
7
U
O
j
*
8
▸
O
k
(
9
Line tool
I
60-
50
40-
30
20-
10-
0-
0
✓
Price (dollars per month)
20
30
40
50
Quantity (units per month)
>>> Draw only the objects specified in the question.
Delete Clear ?
0
10
р
+
▬▬
18
S
60
Next
a
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back
Transcribed Image Text:% 5 The graph illustrates the market for Internet service Draw a point to indicate the market price of a unit of Internet service. Label it 1 The government taxes Internet services $15 a month. Draw the supply curve following the tax. Label it. Draw a point to indicate the price a buyer pays and the equilibrium quantity following the tax. Label it 2. g Draw a point to indicate the price the seller receives and the equilibrium quantity following the tax. Label it 3. t O 6 Oll y h Selected: none & 7 U O j * 8 ▸ O k ( 9 Line tool I 60- 50 40- 30 20- 10- 0- 0 ✓ Price (dollars per month) 20 30 40 50 Quantity (units per month) >>> Draw only the objects specified in the question. Delete Clear ? 0 10 р + ▬▬ 18 S 60 Next a X US- (1 back
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