Given, the total surplus in the market is 1730 taka. You know that the consumer surplus in the market is 1149 taka. What is the producer surplus in the market? Given, the market price is 13 taka. Assuming equal distribution of Tax burden, after a tax regulation of 20 taka, what would be the price per unit sold received by the sellers?

Given, the total surplus in the market is 1730 taka. You know that the consumer surplus in the market is 1149 taka. What is the producer surplus in the market? Given, the market price is 13 taka. Assuming equal distribution of Tax burden, after a tax regulation of 20 taka, what would be the price per unit sold received by the sellers?

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter7: Market Efficiency And Welfare

Section: Chapter Questions

Problem 10P

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