KWhat is the amount of the tax? $ 500What is consumer surplus before the tax? $Consumer surplusby $ as a result of the tax120110100as8070-es4050403010-***15155FaxS0100 120QQG

Demand curve is the downward sloping curve. Supply curve is the upward sloping curve. Equilibrium is…

Answered: What is the amount of the tax? $500…

What is the amount of the tax? $500 What is consumer surplus before the tax? $ Consumer surplus as a result of the tax 110- 100 36 10 10 es 40 50 404 30- 20 104 Prax 100 $ 9 Q

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

K
What is the amount of the tax? $ 500
What is consumer surplus before the tax? $
Consumer surplus
by $ as a result of the tax
120
110
100
as
80
70-es
40
50
40
30
10-
***
15155
Fax
S
0
100 120
Q
Q
G

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