The graph shows the market for lattes in which the government has imposed a tax of $6 per latte. Draw a point to show the price paid by buyers and the quantity bought. Draw shapes that represent the following: 1) consumer surplus. Label it CS. 2) producer surplus. Label it PS. 3) the tax revenue received by the government. Label it TR. 4) the deadweight loss created by the tax. Label it DWL. >>> A label can be repositioned by clicking on the edge of the label box and dragging it onto the shape. 16.00- 14.00- 12.00- 10.00- 8.00 6.00- 4.00 2.00 0.00 0 Price (dollars per latte) D 2 S+tax 4 6 8 10 12 Quantity (millions of lattes per year) >>> Draw only the objects specified in the question. S 14 Q Q 57

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Help please 33
3
링
The graph shows the market for lattes in which the government has
imposed a tax of $6 per latte.
Draw a point to show the price paid by buyers and the quantity bought.
Draw shapes that represent the following:
1) consumer surplus. Label it CS.
2) producer surplus. Label it PS.
3) the tax revenue received by the government. Label it TR.
4) the deadweight loss created by the tax. Label it DWL.
>>> A label can be repositioned by clicking on the edge of the label box.
and dragging it onto the shape.
t
6
C
Oll
y
Selected:
none
M
&
7
O
u
*
8
11
►
O
-
O
16.00
14.00-
12.00-
10.00-
8.00-
6.00-
4.00-
2.00-
0.00+
Ó
✓
Price (dollars per latte)
Delete Clear
D
р
S+tax
10
12
Quantity (millions of lattes per year)
>>> Draw only the objects specified in the question.
S
14
Next
G
X
5 US
bac
16 T
Transcribed Image Text:3 링 The graph shows the market for lattes in which the government has imposed a tax of $6 per latte. Draw a point to show the price paid by buyers and the quantity bought. Draw shapes that represent the following: 1) consumer surplus. Label it CS. 2) producer surplus. Label it PS. 3) the tax revenue received by the government. Label it TR. 4) the deadweight loss created by the tax. Label it DWL. >>> A label can be repositioned by clicking on the edge of the label box. and dragging it onto the shape. t 6 C Oll y Selected: none M & 7 O u * 8 11 ► O - O 16.00 14.00- 12.00- 10.00- 8.00- 6.00- 4.00- 2.00- 0.00+ Ó ✓ Price (dollars per latte) Delete Clear D р S+tax 10 12 Quantity (millions of lattes per year) >>> Draw only the objects specified in the question. S 14 Next G X 5 US bac 16 T
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