Dermnd 13.50 QUANTIY knya mplete the falloming table, given the informatan presented an the graph. tesult Value Equlitrium quantity after lan Wer-unt tax Price producers receive before ta the folloming tabie, indhcate which aras on the previos graph carrespand to each concept. Check al that apply. Concept Consumer splus after the tanmposed Producer surplus before the tax i imposed Tax revenue after the tan is imposed anpudd

Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter6: Demand And Elasticity
Section: Chapter Questions
Problem 3TY
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The following graph represents the demand and supply for an imaginary good called a pinckney. The black point (plus symbol) indicates the pre-tax equilibrium. Suppose the government has just decided to impose a tax on this market; the grey points (star symbol) indicate the after-tax scenario.

The following graph represents the demand and supply for pinckneys (an imaginary product). The black point (plusi symbol) indicates the pre-lax
equilibrium. Suppose the government has just decided to impose a tax on this market; the grey points (star symbol) indicate the after-tar scenaria.
Dermnd
Supply
1.50
13.50
1.50
18
QUANTITY (kneya)
Complete the falowing table, given the information presented an the graph.
Result
Value
Equilibrium quantity after lax
Per-unit lax
Price producers receive before lax
In the following lable, indicate which areas an the previdus graph carrespand to each concept. Check al that apply.
E
Concept
Consumer surplus after the tax mposed
A
Producer surplus before the lax is imposed
Tax revenue after the tax is mposed
|이 □| □| □
| 미미| 미
Aunpud ad oo od
Transcribed Image Text:The following graph represents the demand and supply for pinckneys (an imaginary product). The black point (plusi symbol) indicates the pre-lax equilibrium. Suppose the government has just decided to impose a tax on this market; the grey points (star symbol) indicate the after-tar scenaria. Dermnd Supply 1.50 13.50 1.50 18 QUANTITY (kneya) Complete the falowing table, given the information presented an the graph. Result Value Equilibrium quantity after lax Per-unit lax Price producers receive before lax In the following lable, indicate which areas an the previdus graph carrespand to each concept. Check al that apply. E Concept Consumer surplus after the tax mposed A Producer surplus before the lax is imposed Tax revenue after the tax is mposed |이 □| □| □ | 미미| 미 Aunpud ad oo od
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