Price (dollars per pizzo) &22222 20 18 16 14 12 10 000 8. 6 4 2 LLLLL Stax on sellers S D 0 10 20 30 40 50 60 70 80 90 100 Quantity (thousands of pizzas) The figure above shows the pizza market in the city of Pepperoniville. If the government imposes the sales tax shown in the figure on sellers, then the tax revenue is $[value1]. Just enter value. Do not include the "$" sign.

Price (dollars per pizzo) &22222 20 18 16 14 12 10 000 8. 6 4 2 LLLLL Stax on sellers S D 0 10 20 30 40 50 60 70 80 90 100 Quantity (thousands of pizzas) The figure above shows the pizza market in the city of Pepperoniville. If the government imposes the sales tax shown in the figure on sellers, then the tax revenue is $[value1]. Just enter value. Do not include the "$" sign.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

point(s) possible Submit Next question The graph shows the market for basketballs, when sellers are taxed $6 a ball. Price (dollars per ball) 27 What is the excess burden of the tax? 25- Is the demand for basketballs or the supply of basketballs more inelastic? $+tax 23- 21- 19- Draw a shape that shows the excess burden of the tax on basketballs. 17+16 15 15- AS The excess burden of the tax on basketballs is $ million. 13- D The supply of basketballs is more than the demand for basketballs, and 11-T0 the pays most of the tax. SS 9- O A. inelastic; seller 7- 12 O B. inelastic; buyer 5+ 16 12 Quantity (millions of balls) 8. C. elastic; buyer D. elastic: seller >> Draw only the objects specified in the question. its O Time Remaining: 00:53:44 Next mpleted his course (ECON202 s2022 online) is based on Bade/Parkin: Foundations of Microeconomics, 9e MacBook Pro O O O O
1 ut Figure 8-4 . Price $24 16 10- a. $16 b. $14 X C. $6 d. $8 Tax Refer to Figure 8-4. What is the per-unit burden of the tax on the sellers? Figure 8-5 70 100 Quantity
Price $6.00 $8.00 $10.0 $4.00 $20 18 16- 14 12 10- 8 6- 4- 2 0 10 20 30 40 50 60 70 80 90 Dafter Tax D Quantity Refer to the figure above. What is the share of the tax burden per unit that sellers would pay?
Which of the following is an example of a Tax Deduction? O Clothing Expenses O Child Dependency Expenses O Educational Expenses O Travel Expenses 1 3 4 Next
(Answer the E) Its is known that the demand function for a product is P = 24 - 1/2Q and the supply function Q = 4 + 2PIts is known that the demand function for a product is P = 24 - 1/2Q and the supply function Q = 4 + 2P If the government provides a subsidy for tge product of Rp 10/ unit of goods, what is the price and quantity of goods in balance new E. Calculate the amount of subsidy received by consumers and manufacturers , as well subsidies issued by the government *Rp : Indonesian currency
5
45)
Due to a sales tax, the sale of gameboys decrease from 80 to 70. This tax is a tax on sellers when they receive the units from suppliers. How would the curve look due to this change?
6. The government decides to place a $6 unit tax on a product. The following elasticities are known: E, = - 1; E,= 2. By how much does the price paid by the demanders increase because of this tax?
Figure 8-5 Price P3 P1 P₂ a. A C. B d. D F -Tax- G 92 C E P2 and Q2 o b. P2 and Q1 X P1 and Q1 P3 and Q2 H Refer to Figure 8-5. What is the price sellers receive after the tax and the quantity sold? 9₁₂ S Quantity
The vertical distance between points A and B represents a tax in the market. 12 11 10 210 A Supply 9 PRICE 65 4 3 B 10 2 1 MNr Demand + 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5 6.0 QUANTITY Refer to Figure. The imposition of the tax causes the price paid by buyers to O decrease by $2. O increase by $3. O decrease by $4, O increase by $5.
Figure 4-15 Price (dollars per case) $32 27 22 20 0 Tax- 50 O $7. O $20. O $22. O $27. 90 Supply with tax Supply Quantity (thousands of cases) Figure 4-15 shows the market for beer. The government plans to impose a per-unit tax in this market. Refer to Figure 4-15. The price buyers pay after the tax is