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SECTION#_ C0 NAME__va, Noemi PRINT LAST NAME, FIRST NAME Commodity taxes usually result in deadweight loss because a tax causes quantity to: fall, increasing both consumer surplus and producer surplus. fall, decreasing both consumer surplus and producer surplus. rise, increasing both consumer surplus and producer surplus. rise, decreasing both consumer surplus and producer surplus. PRIN NAME 5. a. b. c. d. Use the gr Use the graph below to answer questions 6 through 10. Price Supply + Tax 8.50 Supply 6.50 5.50 4.50 Demand 3.50 2.50 Quantity 0. 750 1,500 units will be If there is no tax and the market has achieved equilibrium, then each. 6. bought and sold for a price of 750; $6.50 750; $3.50 1,500; $6.50 1,500; $4.50 a. C. b. If there is no tax and the market has achieved equilibrium, consumer surplus is equal to and producer surplus is equal to $3,000; $1,500 $1,500; $3,000 7. $1,500; $750 $750; $1,500 a. C. b. d. If a $3 per-unit tax is imposed in this market, the quantity consumed changes to and the price paid by consumers changes to 750; $6.50 750; $3.50 a. 1,500; $6.50 1,500; $4.50 C. b. d. If a $3 per-unit tax is imposed in this market, the quantity produced changes to the price retained by sellers changes to 750; $6.50 750; $3.50 and a. 1,500; $6.50 1,500; $4.50 C. b. d. 10. If a $3 per-unit tax is imposed in this market, there is a deadweight loss of: a. $750 b. $1,125 $2,250 C. d. $4,800 d. 8. 9.

SECTION#_ C0 NAME__va, Noemi PRINT LAST NAME, FIRST NAME Commodity taxes usually result in deadweight loss because a tax causes quantity to: fall, increasing both consumer surplus and producer surplus. fall, decreasing both consumer surplus and producer surplus. rise, increasing both consumer surplus and producer surplus. rise, decreasing both consumer surplus and producer surplus. PRIN NAME 5. a. b. c. d. Use the gr Use the graph below to answer questions 6 through 10. Price Supply + Tax 8.50 Supply 6.50 5.50 4.50 Demand 3.50 2.50 Quantity 0. 750 1,500 units will be If there is no tax and the market has achieved equilibrium, then each. 6. bought and sold for a price of 750; $6.50 750; $3.50 1,500; $6.50 1,500; $4.50 a. C. b. If there is no tax and the market has achieved equilibrium, consumer surplus is equal to and producer surplus is equal to $3,000; $1,500 $1,500; $3,000 7. $1,500; $750 $750; $1,500 a. C. b. d. If a $3 per-unit tax is imposed in this market, the quantity consumed changes to and the price paid by consumers changes to 750; $6.50 750; $3.50 a. 1,500; $6.50 1,500; $4.50 C. b. d. If a $3 per-unit tax is imposed in this market, the quantity produced changes to the price retained by sellers changes to 750; $6.50 750; $3.50 and a. 1,500; $6.50 1,500; $4.50 C. b. d. 10. If a $3 per-unit tax is imposed in this market, there is a deadweight loss of: a. $750 b. $1,125 $2,250 C. d. $4,800 d. 8. 9.

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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SECTION#_ C0 NAME__va, Noemi PRINT LAST NAME, FIRST NAME Commodity taxes usually result in deadweight loss because a tax causes quantity to: fall, increasing both consumer surplus and producer surplus. fall, decreasing both consumer surplus and producer surplus. rise, increasing both consumer surplus and producer surplus. rise, decreasing both consumer surplus and producer surplus. PRIN NAME 5. a. b. c. d. Use the gr Use the graph below to answer questions 6 through 10. Price Supply + Tax 8.50 Supply 6.50 5.50 4.50 Demand 3.50 2.50 Quantity 0. 750 1,500 units will be If there is no tax and the market has achieved equilibrium, then each. 6. bought and sold for a price of 750; $6.50 750; $3.50 1,500; $6.50 1,500; $4.50 a. C. b. If there is no tax and the market has achieved equilibrium, consumer surplus is equal to and producer surplus is equal to $3,000; $1,500 $1,500; $3,000 7. $1,500; $750 $750; $1,500 a. C. b. d. If a $3 per-unit tax is imposed in this market, the quantity consumed changes to and the price paid by consumers changes to 750; $6.50 750; $3.50 a. 1,500; $6.50 1,500; $4.50 C. b. d. If a $3 per-unit tax is imposed in this market, the quantity produced changes to the price retained by sellers changes to 750; $6.50 750; $3.50 and a. 1,500; $6.50 1,500; $4.50 C. b. d. 10. If a $3 per-unit tax is imposed in this market, there is a deadweight loss of: a. $750 b. $1,125 $2,250 C. d. $4,800 d. 8. 9.
Transcribed Image Text:SECTION#_ C0 NAME__va, Noemi PRINT LAST NAME, FIRST NAME Commodity taxes usually result in deadweight loss because a tax causes quantity to: fall, increasing both consumer surplus and producer surplus. fall, decreasing both consumer surplus and producer surplus. rise, increasing both consumer surplus and producer surplus. rise, decreasing both consumer surplus and producer surplus. PRIN NAME 5. a. b. c. d. Use the gr Use the graph below to answer questions 6 through 10. Price Supply + Tax 8.50 Supply 6.50 5.50 4.50 Demand 3.50 2.50 Quantity 0. 750 1,500 units will be If there is no tax and the market has achieved equilibrium, then each. 6. bought and sold for a price of 750; $6.50 750; $3.50 1,500; $6.50 1,500; $4.50 a. C. b. If there is no tax and the market has achieved equilibrium, consumer surplus is equal to and producer surplus is equal to $3,000; $1,500 $1,500; $3,000 7. $1,500; $750 $750; $1,500 a. C. b. d. If a $3 per-unit tax is imposed in this market, the quantity consumed changes to and the price paid by consumers changes to 750; $6.50 750; $3.50 a. 1,500; $6.50 1,500; $4.50 C. b. d. If a $3 per-unit tax is imposed in this market, the quantity produced changes to the price retained by sellers changes to 750; $6.50 750; $3.50 and a. 1,500; $6.50 1,500; $4.50 C. b. d. 10. If a $3 per-unit tax is imposed in this market, there is a deadweight loss of: a. $750 b. $1,125 $2,250 C. d. $4,800 d. 8. 9.
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