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sing the data in test yourself question 1, if the price of X to consumers is $9, and the government imposes a tax of $2 per unit, show that because suppliers get only $7, they will produce only 85 units of output, not the 95 units of output they would produce if they received the full $9 per unit. ( side note ) I am unsure of what I need to show, if I draw a graph with the supply line changing with that data it matches the demand line of the original data. or do I need to create a new chart with new data?

sing the data in test yourself question 1, if the price of X to consumers is $9, and the government imposes a tax of $2 per unit, show that because suppliers get only $7, they will produce only 85 units of output, not the 95 units of output they would produce if they received the full $9 per unit. ( side note ) I am unsure of what I need to show, if I draw a graph with the supply line changing with that data it matches the demand line of the original data. or do I need to create a new chart with new data?

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Using the data in test yourself question 1, if the price of X to consumers is $9, and the government imposes a tax of $2 per unit, show that because suppliers get only $7, they will produce only 85 units of output, not the 95 units of output they would produce if they received the full $9 per unit.

 

( side note ) I am unsure of what I need to show, if I draw a graph with the supply line changing with that data it matches the demand line of the original data. or do I need to create a new chart with new data?

### Key Terms - **direct controls** - Page 334 - **emissions permits** - Page 336 - **externality** - Page 326 - **pollution charges (taxes on emissions)** - Page 334 ### Test Yourself 1. **Production of Commodity X**: - Each unit of Commodity X produced results in 10 pounds of emissions. - The demand and supply curves for Commodity X are explained in the following table: | Price | Quantity Demanded | Quantity Supplied | |-------|-------------------|-------------------| | $10 | 80 | 100 | | 9 | 85 | 95 | | 8 | 90 | 90 | | 7 | 95 | 85 | | 6 | 100 | 80 | | 5 | 105 | 75 | This table shows the relationship between the price and the quantities demanded and supplied for Commodity X. As the price decreases, the quantity demanded increases while the quantity supplied decreases. This reflects typical market behaviors where lower prices tend to encourage consumer purchases and reduce producers' willingness to supply.
Transcribed Image Text:### Key Terms - **direct controls** - Page 334 - **emissions permits** - Page 336 - **externality** - Page 326 - **pollution charges (taxes on emissions)** - Page 334 ### Test Yourself 1. **Production of Commodity X**: - Each unit of Commodity X produced results in 10 pounds of emissions. - The demand and supply curves for Commodity X are explained in the following table: | Price | Quantity Demanded | Quantity Supplied | |-------|-------------------|-------------------| | $10 | 80 | 100 | | 9 | 85 | 95 | | 8 | 90 | 90 | | 7 | 95 | 85 | | 6 | 100 | 80 | | 5 | 105 | 75 | This table shows the relationship between the price and the quantities demanded and supplied for Commodity X. As the price decreases, the quantity demanded increases while the quantity supplied decreases. This reflects typical market behaviors where lower prices tend to encourage consumer purchases and reduce producers' willingness to supply.
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