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Figure: The vertical distance between points A and C represents a tax in the ma 1000 Price 900 800- 700 600- 500 400 300 200 100- Supply Demand 10 20 30 40 50 60 70 80 90 100110 Quantity Refer to Figure. After the taxes a. there will be a loss to the consumers of the amount $4,000. there will be a loss to the consumers of the amount $6,000.

Figure: The vertical distance between points A and C represents a tax in the ma 1000 Price 900 800- 700 600- 500 400 300 200 100- Supply Demand 10 20 30 40 50 60 70 80 90 100110 Quantity Refer to Figure. After the taxes a. there will be a loss to the consumers of the amount $4,000. there will be a loss to the consumers of the amount $6,000.

Principles of Microeconomics
Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter6: Supply, Demand And Government Policies
Section: Chapter Questions
Problem 10PA
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QUESTION 7 Figure: The vertical distance between points A and C represents a tax in the market. 1000 900 Price 800 700 600 500 400- 300 200- 100- b. Supply Demand 10 20 30 40 50 60 70 80 90 100110 Quantity Refer to Figure. After the taxes a. there will be a loss to the consumers of the amount $4,000. there will be a loss to the consumers of the amount $6,000. C. there will be a loss to the consumers of the amount $2,000. d. there will be a loss to the consumers of the amount $8,000.
Transcribed Image Text:QUESTION 7 Figure: The vertical distance between points A and C represents a tax in the market. 1000 900 Price 800 700 600 500 400- 300 200- 100- b. Supply Demand 10 20 30 40 50 60 70 80 90 100110 Quantity Refer to Figure. After the taxes a. there will be a loss to the consumers of the amount $4,000. there will be a loss to the consumers of the amount $6,000. C. there will be a loss to the consumers of the amount $2,000. d. there will be a loss to the consumers of the amount $8,000.
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