Price (P) 5z (after tax) S, (before tax) Тах $35 $30 $25 $20 90 100 Quantity (Q) The diagram above shows a market before and after an excise tax has been levied by the government. The diagram indicates the effective price (net of tax) that sellers receive after the tax is: Select one: а. $35 b. $20 c. $25 d. $30

Q: Question 2

A: The economic burden of a tax is also known as the incidence of tax. It is an important topic in the…

Q: Question 5: Consumer and Producer surplus Consumer and Producer surplus Stax P $500 $200 $120 $X $50…

A: Surplus refers to the profit made by the producers and consumers after making the sales and…

Q: The diagram below shows supply and demand diagrams (S and D) for some product. The government then…

A:

Q: Figure 6-18 price Satrtar 65- 6. 43 4- 35 25 2- 15 1. 05- s 10 15 20 25 30 35 40 45 s0 ss 60 6s 70…

A: The solution can be better explained with the help of the diagram below:

Q: PA 17 16 15 14- 13 12- St %1 10- 9- 8- 7- 6- Dt 2- What is the consumer's tax incidence and what is…

A: From the diagram we can observe that due to the imposition of the tax, the demand curve has shifted…

Q: Question 4 Given: QD = 160 -5P QS = -11 + 4P In addition, the government imposed a $3.00 tax on…

A: Before-tax imposition, QD = 160 -5P QS = -11 + 4P At equilibrium, QD=QS or, 160-5P=-11+4P or, P=19…

Q: Price (dollars per textbook) 90 80 70 60 50 2 3 4 5 6. Quantity (millions of textbooks per year) The…

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Q: (d) For the market for cigarettes with the tax indicate Price received by producers Quantity of…

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Q: Top One Enterprise Ltd earns huge profit this year and needs to pay profit tax to the government.…

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…

Q: rom $83,600 to $174,400 28 From $174,400 to $379,150 33 Over $379,150 35 Based on the IRS table,…

A: The marginal tax rate is the amount of additional tax paid for every additional dollar earned as…

Q: C) II 4G l 0.6K/s 9:18 AM Start your trial now! First week only $4.99! - b What happens to the tax…

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Q: $8 S. $7 $6 $5 $4 $3 $2 $1 0. 100 200 300 400 500 Suppose the government imposes a $3 per unit tax…

A: In a market, when government imposes a tax on a specific good, the tax burden or tax incidence…

Q: S+ tat PE Pi [7+TAX -DE Ds .Q Q Which demand schedule results in a higher tax burden to the consumer…

A: Given

Q: Question: Use the following equations to find: 1) Equilibrium price before tax 2) Equilibrium…

A: Equilibrium is attained where demand = supply Thus, equating demand and supply 7-Q/2 = 7/6+Q 35/6 =…

Q: Briefly distinguish the specific tax and Ad Valorem tax? Don't need any example or long explanation.…

A: "A tax is a necessary fee or monetary charge imposed by a government on an individual or an…

Q: 2. Excise tax is a part of

A: To find : Excise test will be part of?

Q: Question 19 12 11 10 9 6 4 3 1 10 20 30 40 50 60 70 80 90 100 110 120 2 The go ent imposes a $3 tax.…

A: Consumer surplus is the area above the market price and below the demand curve up to equilibrium…

Q: 1. Using the Comptroller of Maryland's website answer the following questions: a. Does every citizen…

A: Answer 1.  No, every citizen in Maryland does not pay the same amount of taxes. The amount of taxes…

Q: Suppose that your state raises its sales taxfrom 5 percent to 6 percent. The state…

A: Given: The sales tax increases from 5% to 6% This increase is an increase of 20% itself…

Q: 21. Maximum revenue and profit. A company manufactures and sells x television sets per month. The…

A: Answer: Given, Cost function: Cx=72,000+60x Demand function: p=200-x30    0≤x≤6,000 (A). Let us…

Q: Given: QD = 160 -5P QS = -11 + 4P In addition, the government imposed a $3.00 tax on the buyer.…

A: ANS Given: QD = 160 -5P QS = -11 + 4P At equilibrium QD=QS ∴160-5P=-11+4P⇒9P=171⇒P=1719=19…

Q: a) for the market with cigarettes indicate the tax price paid by consumers price received by…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Attached is a graph diagram depicting the market for soft drinks. If an excise tax equal to $1 per…

A: In the market for the soft drinks figure, it is identified that the equilibrium is obtained at the…

Q: Price S+ tax $12 10 4500 5000 Quantity Consider the impact of a tax on sellers, shown in this…

A: Government revenue is money received by a government from taxes and non-tax sources to enable it to…

Q: Tax Supply Supply 32 22

A: Equilibrium is achieved at a point where demand curve intersects the supply curve.

Q: Demand function: 2QX=2200-PX Supply function : Qx = -300 +3 Px Sales tax per unit : 150 Calculate…

A: A .  Pre tax Total surplus  = 945,000 where  CS = 810,000 ; PS = 135,000   Post tax total surplus  =…

Q: Use the following table to answer the question about taxes, where P Price buyers pay, P, Price…

A: Here, after tax information is given as, Buyer's price: $15 Seller's price: $13 Equilibrium…

Q: Qd=160-5P and QS=-11+4P. Governement imposed a tax of $3.00 on the buyer. Calculate: a. Producer…

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Q: Discuss the objectives of Taxation.

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Q: B) What are the main pros and cons of using taxes as a way to reduce tobacco consumption? Support…

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Q: Draw a diagram explaining a consumer surplus increase because transportation service improvement.

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Q: Last month The Sweet Tooth Candy Shops had total sales, including sales tax, of $64,889. The stores…

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Q: In your current job, you earn $55,000. You take the standard deduction of $12,200. You have an offer…

A: Answer; Option (b) $1,100 is correct

Q: Stax P $100 S $70 S50 $45 SX $5 40 60

A: Given, Equilibrium price= $50 Equilibrium Quantity= 60 After tax; Quantity= 40  Price paid by…

Q: 1. Suppose the federal government requires beer drinkers to pay a $2 tax on each case of beer…

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Q: A government decides to reduce air pollution by reducing the use of petrol and imposes a specific…

A: When the government imposes a specific tax for per unit sold on sellers it is a type excise tax.

Q: Write 3 difference between direct and indirect tax.

A: # Taxes are classified as direct and indirect tax on basis of who shares the burden of the tax and…

Q: QD = 160 -5P QS = -11 + 4P In addition, the government imposed a $3.00 tax on the buyer.…

A: Equilibrium is achieved where quantity supplied equals quantity demanded

Q: 6. The government decides to place a $6 unit tax on a product. The following elasticities are known:…

A: Effect of tax vary on consumer and seller , so here we calculate the price paid by the demanders…

Q: 29. Jill is 16 years old and worked at her local grocery store over the summer earning $5,600. Is…

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Q: $12 10 D 4500 5000 Quantity Consider the impact of a tax on sellers, shown in this diagram of the…

A: Given Information: The equilibrium price is $10 and equilibrium quantity is 5000 units. There is a…

Q: 42. A tax on a good raises the price buyers pay, lowers the price sellers receive, and reduces the…

A: Answer in Step 2

Q: Which of the following factor is affecting supply negatively? a. Tax b. Subsidy c. Technology d.…

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Q: Taxes or cost increases are not always paid where they are laid. how to use examples to explain the…

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Q: Price $11 10 8. * Doewm Tax 90 100 Quantity 24. How much will the seller receive after the tax is…

A: Tax is compulsory payment made by  individuals or organisation without expecting something in…

Q: 0. Marta purchased a sweater for $15.67, a pair of ocks for $2.13, and a bracelet for $6.78. For all…

A: The sale tax is imposed on the sale of commodity.  It raises the price of commodity.

Q: Question 3

A: When per unit tax $12 is imposed, the quantity produced and consumed will reduce as 800.

Q: Qs= 30p-60 Qd= 105-3p  The government imposes a maximum price of 4.8. What will be the Consumer…

A: What Is the Loss of Deadweight?   Deadweight loss is the loss of economic efficiency due to…