QL Given the graph of an economy with 3 different price levels, i.e., (Case 1) world price + higher tax, (Case 2) world price + tax, (Case 3) world price, write the answers for the questions below. Note: The tax is collected by the domestic government. P. world price + higher tax :Case 1 D world price • tax : Case 2 HK world price (free trade, no tax) :Case 3 MN OPRS D Q1 Q2 Q3 Q4 Q5 Q A) What is the consumer surplus in the world pricethigher tax (Case 1) . B) What is the quantity demanded in the world price (Case 3): C) What is the producer surplus in the world price+tax (Case 2): D) What is the import quantity when there is the world price (Case 3): F. B. E.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
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Chapter1: Making Economics Decisions
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if
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practice questions
QL Given the graph of an economy with 3 different price levels, i.e., (Case 1) world price + higher tax,
(Case 2) world price + tax, (Case 3) world price, write the answers for the questions below.
Note: The tax is collected by the domestic government.
P.
S
A
world price + higher tax
Case 1
B
world price + tax : Case 2
E
F.
G
HK
world price (free trade, no tax) : Case 3
M N
P
S
D
Q1
Q2
Q3 Q4 Q5
A) What is the consumer surplus in the world pricethigher tax (Case 1):
B) What is the quantity demanded in the world price (Case 3):
C) What is the producer surplus in the world price+tax (Case 2):
D) What is the import quantity when there is the world price (Case 3):
E) What is the tax collection of the government in the world pricethigher tax (Case 1):
F) What is the overall
world price + higher tax (Case 1):
(loss or gain) when the price moves from world price (Case 3) to
Explanation for F:
Transcribed Image Text:Word O Ara en Geçir Görünüm Yardım Acrobat 可 AaÇçĞğHt AaççğğH AaçÇĞi AaçÇĞğt AaÇ AaççĞğH AaççĞğH AaÇçĞğhı AaÇÇĞğH. I Normal 1 Aralık Yok Başlık 1 Başlık 2 Konu Başlı. Altyazı Hafif Vurg. Vurgu Güçlü Vur. if Stiller practice questions QL Given the graph of an economy with 3 different price levels, i.e., (Case 1) world price + higher tax, (Case 2) world price + tax, (Case 3) world price, write the answers for the questions below. Note: The tax is collected by the domestic government. P. S A world price + higher tax Case 1 B world price + tax : Case 2 E F. G HK world price (free trade, no tax) : Case 3 M N P S D Q1 Q2 Q3 Q4 Q5 A) What is the consumer surplus in the world pricethigher tax (Case 1): B) What is the quantity demanded in the world price (Case 3): C) What is the producer surplus in the world price+tax (Case 2): D) What is the import quantity when there is the world price (Case 3): E) What is the tax collection of the government in the world pricethigher tax (Case 1): F) What is the overall world price + higher tax (Case 1): (loss or gain) when the price moves from world price (Case 3) to Explanation for F:
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Equilibrium is achieved at the output level where quantity demanded by consumer equals quantity supplied by the producer. 

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