28 24 20 16 12 8 4 0 P D1 048 12 16 20 24 Q I 14. If a $6.00 per unit tax is imposed on this product, what will be the resulting quantity traded and efficiency loss to the economy? O a) 14, $80 b) 18. $12 O c) 14. $12 S1 d) 10. $12 O e) 10, $80
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- Refer to Figure 8-2. The per-unit burden of the tax on sellers is a) $3. b) $9 c)2 d)$8The market demand and supply functions for a good are: QD = 120 - 6P and QS = 20 + 4P. The equilibrium quantity and price are 60 and €10 respectively. Suppose the government imposes a tax of €2.00 per unit. The price that sellers will receive after the tax isA. €8B. €9C. €10.80D. €8.80Suppose the Stamp Tax of 1765 imposed a new $0.50 tax per pack of playing cards.By itself, this tax would have caused the after-tax price thatsellers received for cards to not change.buyers paid for cards to rise by $0.50 per pack.All of the above.None of the above.
- Given the following information QD = 240-5p QS = P Where QD is the quantity demanded, Qs is the quantity supplied and P is the price. Calculate: Consumer surplus before taxSuppose the demand for a product is given by P = 50 –Q. Also, the supply is given by P = 10 + 3Q. If a $12 per-unit excise tax is levied on the buyers of a good, after the tax, the total amount of tax paid by the producers is: None of these $84 $18 $63 $21Given the following information QD = 240-5P QS= P Where QD is the quantity demanded, Qs is the quantity supplied and P is the price. Calculate the producer surplus before tax.
- Given the following information Qd = 240 - 5P Qs = P Where Qd is the quantity demanded, Qs is the quality supplied and P is the price. Equilibrium quantity before taxConsider a market where the demand and supply for the good are described by the following equations: QD= 225-3P and QS=-22.5 +1.5P If there is a $3 per unit tax on the good, what is the revenue from the tax?Lump-Sum Tax The city government is considering two tax proposals: • A lump-sum tax of $300 on each producer of hamburgers. • A tax of $1 per burger, paid by producers of hamburgers. please help
- QD = 240 - 5P QS = P where QD is the quantity demanded, QS is the quantity supplied and P is the price. Suppose that the government decides to impose a tax of $12 per unit on sellers in this market. Determine: Producer suprlus after taxGiven: Qd = 240 - 5P Qs = P Where Qd is the quantity demanded, Qs is the quantity supplied and P is the price. Suppose the government decides to impose a tax of $12 per unit on sellers in this market. Determine: A) The buyer's price after tax B) The seller's price after tax C) The quantity after taxThe greater the price elasticity of supply and demand, the more the market volume decreases when excise tax is imposed. Therefore, the net economic loss is large, and the one with less price elasticity among consumers and suppliers is relatively pay less tax