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PRICE (Dollars per scooter) 5 70 60 Tax Wedge 50 40 30 20 10 0 Supply 0 160 320 480 640 800 960 1120 1280 1440 1600 QUANTITY (Scooters) Consumer Surplus Producer Surplus Tax Revenue Deadweight Loss Before Tax (Dollars) Complete the following table by using the previous graphs to determine the values of consumer a surplus, producer surplus, tax revenue, and deadweight loss after the tax. Note: You can determine the areas of different portions of the graph by selecting the relevant are 0 0 A After Tax (Dollars) Consumer Surplus Producer Surplus Deadweight Loss

PRICE (Dollars per scooter) 5 70 60 Tax Wedge 50 40 30 20 10 0 Supply 0 160 320 480 640 800 960 1120 1280 1440 1600 QUANTITY (Scooters) Consumer Surplus Producer Surplus Tax Revenue Deadweight Loss Before Tax (Dollars) Complete the following table by using the previous graphs to determine the values of consumer a surplus, producer surplus, tax revenue, and deadweight loss after the tax. Note: You can determine the areas of different portions of the graph by selecting the relevant are 0 0 A After Tax (Dollars) Consumer Surplus Producer Surplus Deadweight Loss

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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<CENGAGE MINDTAP Homework (Ch 08) support the government impuses an excise tax of electric Scooters. The black me of the following graph shows the lax weuye create $40 per scooter. N ing 2 First, use the tan quadrilateral (dash symbols) to shade the area representing tax revenue. Next, use the green point (triangle symbol) area representing total consumer surplus after the tax. Then, use the purple point (diamond symbol) to shade the area representing tota surplus after the tax. Finally, use the black point (plus symbol) to shade the area representing deadweight loss. W PRICE (Dollars per scooter) 100 90 80 70 60 Tax Wedge 50 40 30 20 10 Demand 0 0 160 # 3 E Supply 320 480 640 800 960 1120 1280 1440 1600 QUANTITY (Scooters) $ After Tax 4 55 R % 5 T ^ 6 Tax Revenue A Consumer Surplus Producer Surplus MacBook Pro Deadweight Loss Y & 7 U (?) * 00 8 + ( 9 0 0
Transcribed Image Text:<CENGAGE MINDTAP Homework (Ch 08) support the government impuses an excise tax of electric Scooters. The black me of the following graph shows the lax weuye create $40 per scooter. N ing 2 First, use the tan quadrilateral (dash symbols) to shade the area representing tax revenue. Next, use the green point (triangle symbol) area representing total consumer surplus after the tax. Then, use the purple point (diamond symbol) to shade the area representing tota surplus after the tax. Finally, use the black point (plus symbol) to shade the area representing deadweight loss. W PRICE (Dollars per scooter) 100 90 80 70 60 Tax Wedge 50 40 30 20 10 Demand 0 0 160 # 3 E Supply 320 480 640 800 960 1120 1280 1440 1600 QUANTITY (Scooters) $ After Tax 4 55 R % 5 T ^ 6 Tax Revenue A Consumer Surplus Producer Surplus MacBook Pro Deadweight Loss Y & 7 U (?) * 00 8 + ( 9 0 0
e and Study Tools Options Success Tips Success Tips D FOR YOU ۲۲ TS ted by Focusing es Feedback SC CENGAGE MINDTAP Homework (Ch 08) PRICE (Dollars per scooter) 5 70 60 Tax Wedge 50 40 30 8 20 10 0 0 160 320 480 640 800 960 1120 QUANTITY (Scooters) Consumer Surplus Producer Surplus Supply Tax Revenue Deadweight Loss Q Complete the following table by using the previous graphs to determine the values of consumer ar surplus, producer surplus, tax revenue, and deadweight loss after the tax. Note: You can determine the areas of different portions of the graph by selecting the relevant area After Tax (Dollars) Before Tax (Dollars) 0 1120 1280 1440 1600 0 A Consumer Surplus Producer Surplus Deadweight Loss MacBook Pro
Transcribed Image Text:e and Study Tools Options Success Tips Success Tips D FOR YOU ۲۲ TS ted by Focusing es Feedback SC CENGAGE MINDTAP Homework (Ch 08) PRICE (Dollars per scooter) 5 70 60 Tax Wedge 50 40 30 8 20 10 0 0 160 320 480 640 800 960 1120 QUANTITY (Scooters) Consumer Surplus Producer Surplus Supply Tax Revenue Deadweight Loss Q Complete the following table by using the previous graphs to determine the values of consumer ar surplus, producer surplus, tax revenue, and deadweight loss after the tax. Note: You can determine the areas of different portions of the graph by selecting the relevant area After Tax (Dollars) Before Tax (Dollars) 0 1120 1280 1440 1600 0 A Consumer Surplus Producer Surplus Deadweight Loss MacBook Pro
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