Which of the following statements is true?O A. The equilibrium price after a specific tax will be the same whether the tax is collected from consumers or producers.O B. The equilibrium price after a specific tax will depend on whether the tax is collected from consumers or producers.O C. The tax incidence on consumers will be higher if the tax is collected from consumers.O D. The tax incidence on producers will be higher if the tax is collected from producers.tv30Car AlleText PagesGranberPrintMacBook AirDIDDF1080F8F9F6F7F4F5escF3F2F1$%&@#123* 00

After-tax the demand or supply curve shifts to the left based on the tax are levied on whom but the…

Answered: Which of the following statements is…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Ciear my cnoice 43. A tax paid by buyers shifts the supply curve, while a tax paid by sellers shifts the demand curve. However, the outcome is the same regardless of who pays the tax. Select one: O a. True O b. False Figure 64 Price 4
2. Using the following graph, answer the following questions. Also, show/Label your answers for parts a-e on the graph as well. Price 20 18 16 14 12 10 6. 4 6 8 10 12 14 16 Quantity 2 a. Suppose a $4 per-unit tax is imposed on the sellers of this good. What price will buyers pay for the good after the tax is imposed? b. Suppose a $4 per-unit tax is imposed on the sellers of this good. How much is the burden of this tax on the buyers in this market?
Suppose the government wants to reduce the consumption of cigarettes. To do so, it is analyzing two possible options: a specific tax of sales or a limit on the production of cigarettes. The effect of both policies on the quantity produced would be the same. Which policy would have a higher deadweight loss? O The specific tax on sales. O The limit on the production. O Both would have the same impact. O There is not enough information to answer the question.
2
Would some be able to help in answer d please?
Qb) only.
1. when both supply and demand curve shift to right the equlibrium price always falls the equilibrium price might rise fall or remain unchanged the equilibrium price always rises the equilibrium price remains unchanged none of these 2. in the australian market for coffee, quantity demanded is given Q-10-p and quantity supplied is given by Q=P where Q represents tones of coffee per year. suppose the government imposes a tax of $1 per ton of coffee. after introduction of tax, it will consumer surplus by ________.
When a tax is levied on a good, what happens to the market price and why? Select one: O a The market price rises because both quantity demanded and quantity cross out supplied falls. O b. The market price falls because quantity supplied falls. cross out O. The market price falls because quantity demanded falls. cross out O d. The market price rises because both quantity demanded and quantity cross out supplied rises.
o Suppose the Canadian government has decided to place an excise tax of $20 per tire on producers of automobile tires. Excise taxes are also called sales or commodity taxes. Previously, there was no excise tax on automobile tires. As a result of the excise tax, producers of tires, such as Bridgestone and Michelin, are going to alter their tire prices. The graph illustrates the demand and supply curves for automobile tires before the excise tax. Please shift the appropriate curve or curves on the graph to demonstrate the impact of the new tax. What is the price consumers pay for a tire post tax? Round to the nearest 10. price paid by consumers: $ What is the price producers receive for a tire net of taxes? Round to the nearest 10. Price 150 140 130 120 110 100 90 80 70 60 50 O 1 2 3 01 4 5 Quantity 6 Supply Demad 7 8 9 10
A. B. C. Practice Question 1: The Danish krone is currently pegged to the euro. Using the IS-LM-FX model for Home (Denmark) and Foreign (Eurozone), illustrate how each of the following scenarios affect Denmark: The Eurozone reduces its money supply. Denmark cuts government spending to reduce its budget deficit. The Eurozone countries increase their taxes.
7. Taxation - An algebraic approach Suppose the supply of a good is given by the equation Q1,200P-1,200, and the demand for the good is given by the equation QD 2,400-400P, where quantity (Q) is measured in millions of units and price (P) is measured in dollars per unit. The government decides to levy an excise tax of $1.00 per unit on the good, to be paid by the seller. Calculate the value of each of the following, before the tax and after the tax, to complete the table that follows: 1. The equilibrium quantity produced 2. The equilibrium price consumers pay for the good 3. The price received by sellers Equilibrium Quantity (Millions of units) Equilibrium Price per Unit Paid by Consumers Price per Unit Received by Sellers Before Tax The government receives After Taxi Given the information you calculated in the preceding table, the tax incidence on consumers is on producers is per unit of the good: per unit of the good, and the tax incidence in tax revenue from levying an excise tax of…
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