QUESTION 23 Refer to the graph below for a market. Price 48 Supply 44- 40 + 36 + 32 28 + 24 20 + 16 12 + 8+ 4 Demand 5 10 15 20 25 300 35 40 45 50 ss 60 Quaxtity Assuming that the government imposes a tax size of AB in the above market. Based on that calculate 1. Consumer surplus after taxes 2. Producer surplus after taxes 3. Tax revenue after taxes 4. Deadweight loss if any after taxes
QUESTION 23 Refer to the graph below for a market. Price 48 Supply 44- 40 + 36 + 32 28 + 24 20 + 16 12 + 8+ 4 Demand 5 10 15 20 25 300 35 40 45 50 ss 60 Quaxtity Assuming that the government imposes a tax size of AB in the above market. Based on that calculate 1. Consumer surplus after taxes 2. Producer surplus after taxes 3. Tax revenue after taxes 4. Deadweight loss if any after taxes
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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
Transcribed Image Text:QUESTION 23
Refer to the graph below for a market.
↑Price
48
Supply
44
40
36
32
28
24
20
16
12-
8
4
Demand
++++
Quantity
10 15 20 25 30 35 40 45 50 55 60
Assuming that the government imposes a tax size of AB in the above market, Based on that calculate
1. Consumer surplus after taxes
2. Producer surplus after taxes
3. Tax revenue after taxes
4. Deadweight loss if any after taxes
Note: Make sure to calculate the exact dollar amount with the steps.
T T T F
Paragraph
只i8公
Arial
3 (12pt)
O f • Mashups
HOO HTML CSS
Click Save and Submit to save and submit. Click Save All Answers to save all answers.
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