Answered: Refer to the graph shown. The amount of… | bartleby

Principles of Microeconomics

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter22: Frontiers Of Microeconomics

Section: Chapter Questions

Problem 4PA

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Please correct answer and don't use hand rating

Refer to the graph shown. The amount of a tax sufficient to reduce
quantity supplied to the level that individuals would have supplied had
they included the cost in their decision on third parties is:
Price
$5
$4
$3
$2
$1.80
$1
marginal social cost
S = marginal
private cost
D = marginal
social
benefit
$0
1500 2000 2600 3100
Quantity
$1.70.
$2.50.
$1.00.
$0.80.

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