For upvote solve in one hour Prices, pc & PF50S(p)45403530252015105.D(p)26.8.10 12 14 16 18 20Quantity, qThe following represents a demand curve 'D(p)' and a supply curve 'S(p)' in a given market. The government imposes a sales tax such that D1 representsconsumer demand as it depends on the price that firms charge. At the new equilibrium, which of the following statements is true?O All statements are trueThe deadweight loss is $80O Consumer surplus is $45O Tax revenue is $60

Prices, Pc & PF 50 Sip) 45 40 35 30 25 20 15 10 5- D(p) 8 10 12 14 16 18 20 Quantity, q 2 4 6 The following represents a demand curve 'D(p)' and a supply curve 'S(p)' in a given market. The government imposes a sales tax such that D1 represent: consumer demand as it depends on the price that firms charge. At the new equilibrium, which of the following statements is true? O All statements are true O The deadweight loss is $80 O Consumer surplus is $45

Prices, Pc & PF 50 Sip) 45 40 35 30 25 20 15 10 5- D(p) 8 10 12 14 16 18 20 Quantity, q 2 4 6 The following represents a demand curve 'D(p)' and a supply curve 'S(p)' in a given market. The government imposes a sales tax such that D1 represent: consumer demand as it depends on the price that firms charge. At the new equilibrium, which of the following statements is true? O All statements are true O The deadweight loss is $80 O Consumer surplus is $45

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter7: Market Efficiency And Welfare

Section: Chapter Questions

Problem 10P

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The graph below represents the market for tubs of yoghurt. Answer the following questions assuming a positive per-unit tax is placed on tubs of yoghurt. P S 8.50 8 5.50 25 (a) The per-unit tax is placed on 50 55 (b) The size of the tax is $ [Select] [Select] Buyers that sellers receive after the tax is $ [Select] 80 85 (c) The price that buyers pay after the tax is $ [Select] (d) The quantity traded with the tax in place is receive $ [Select] (e) After the tax, buyers will pay $ [Select] relatively more [Select] (f) In the end, buyers pay [Select] D2 Q [Select] ✓ relative to the quantity traded without tax. per tub. ✓ less per tub. per tub. than sellers. per tub. The price tubs leading to more per tub. Sellers will because their demand curve is
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Consider the price support and the quota, Calculate The consumer surplus The producer surplus The deadweight loss
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