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15- 14 13 12 11 10- 9- 7. 6- Price Supply Demand 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 Quantity Assume that the government imposed a tax size of AB per unit in the above market. Calculate the following. Make sure to show all the steps and in dollar amount NOT in alphabets. 1. Consumer surplus after tax 2. Producer surplus after tax 3. Tax revenue after tax 4. Total surplus after tax

15- 14 13 12 11 10- 9- 7. 6- Price Supply Demand 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 Quantity Assume that the government imposed a tax size of AB per unit in the above market. Calculate the following. Make sure to show all the steps and in dollar amount NOT in alphabets. 1. Consumer surplus after tax 2. Producer surplus after tax 3. Tax revenue after tax 4. Total surplus after tax

Principles of Microeconomics
Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter12: The Design Of The Tax System
Section: Chapter Questions
Problem 7PA
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15 14 13 12 11- 10 9 8 7 6 3 2 Price Supply Demand 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 Quantity Assume that the government imposed a tax size of AB per unit in the above market. Calculate the following. Make sure to show all the steps and in dollar amount NOT in alphabets. 1. Consumer surplus after tax 2. Producer surplus after tax 3. Tax revenue after tax 4. Total surplus after tax
Transcribed Image Text:15 14 13 12 11- 10 9 8 7 6 3 2 Price Supply Demand 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 Quantity Assume that the government imposed a tax size of AB per unit in the above market. Calculate the following. Make sure to show all the steps and in dollar amount NOT in alphabets. 1. Consumer surplus after tax 2. Producer surplus after tax 3. Tax revenue after tax 4. Total surplus after tax
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