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tall, increasing both consumer surpli tall, decreasing both consumer surplus and rise, increasing both consumer surplus and producer rise, decreasing both consumer surplus and producer surplus. NAME PRINT LAST NAME, 5. Commodity taxes usually result in de a. b. C. d. Use the graph below to answer questions 6 through 10. Supply + Tax Price 8.50 Supply 6.50 5.50 Demand 4.50 3.50 2.50 Quantity 1,500 750 units will be If there is no tax and the market has achieved equilibrium, then 1,500; $6.50 1,500; $4.50 6. each. bought and sold for a price of C. 750; $6.50 750; $3.50 a. d. b. If there is no tax and the market has achieved equilibrium, consumer surplus is equal and producer surplus is equal to $3,000; $1,500 $1,500; $3,000 $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 8. a. 1,500; $6.50 1,500; $4.50 C. b. d. 9. If a $3 per-unit tax is imposed in this market, the quantity produced changes to the price retained by sellers changes to an 750; $6.50 750; $3.50 a. b. 1,500; $6.50 1,500; $4.50 C. d. If a $3 per-unit tax is imposed in this market, there is a deadweight loss of: 10. a. $750 b. $1,125 C. $2,250 d. $4,800 Chapter 7 Assignments 148 1. 7.

tall, increasing both consumer surpli tall, decreasing both consumer surplus and rise, increasing both consumer surplus and producer rise, decreasing both consumer surplus and producer surplus. NAME PRINT LAST NAME, 5. Commodity taxes usually result in de a. b. C. d. Use the graph below to answer questions 6 through 10. Supply + Tax Price 8.50 Supply 6.50 5.50 Demand 4.50 3.50 2.50 Quantity 1,500 750 units will be If there is no tax and the market has achieved equilibrium, then 1,500; $6.50 1,500; $4.50 6. each. bought and sold for a price of C. 750; $6.50 750; $3.50 a. d. b. If there is no tax and the market has achieved equilibrium, consumer surplus is equal and producer surplus is equal to $3,000; $1,500 $1,500; $3,000 $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 8. a. 1,500; $6.50 1,500; $4.50 C. b. d. 9. If a $3 per-unit tax is imposed in this market, the quantity produced changes to the price retained by sellers changes to an 750; $6.50 750; $3.50 a. b. 1,500; $6.50 1,500; $4.50 C. d. If a $3 per-unit tax is imposed in this market, there is a deadweight loss of: 10. a. $750 b. $1,125 C. $2,250 d. $4,800 Chapter 7 Assignments 148 1. 7.

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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tall, increasing both consumer surpli tall, decreasing both consumer surplus and rise, increasing both consumer surplus and producer rise, decreasing both consumer surplus and producer surplus. NAME PRINT LAST NAME, 5. Commodity taxes usually result in de a. b. C. d. Use the graph below to answer questions 6 through 10. Supply + Tax Price 8.50 Supply 6.50 5.50 Demand 4.50 3.50 2.50 Quantity 1,500 750 units will be If there is no tax and the market has achieved equilibrium, then 1,500; $6.50 1,500; $4.50 6. each. bought and sold for a price of C. 750; $6.50 750; $3.50 a. d. b. If there is no tax and the market has achieved equilibrium, consumer surplus is equal and producer surplus is equal to $3,000; $1,500 $1,500; $3,000 $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 8. a. 1,500; $6.50 1,500; $4.50 C. b. d. 9. If a $3 per-unit tax is imposed in this market, the quantity produced changes to the price retained by sellers changes to an 750; $6.50 750; $3.50 a. b. 1,500; $6.50 1,500; $4.50 C. d. If a $3 per-unit tax is imposed in this market, there is a deadweight loss of: 10. a. $750 b. $1,125 C. $2,250 d. $4,800 Chapter 7 Assignments 148 1. 7.
Transcribed Image Text:tall, increasing both consumer surpli tall, decreasing both consumer surplus and rise, increasing both consumer surplus and producer rise, decreasing both consumer surplus and producer surplus. NAME PRINT LAST NAME, 5. Commodity taxes usually result in de a. b. C. d. Use the graph below to answer questions 6 through 10. Supply + Tax Price 8.50 Supply 6.50 5.50 Demand 4.50 3.50 2.50 Quantity 1,500 750 units will be If there is no tax and the market has achieved equilibrium, then 1,500; $6.50 1,500; $4.50 6. each. bought and sold for a price of C. 750; $6.50 750; $3.50 a. d. b. If there is no tax and the market has achieved equilibrium, consumer surplus is equal and producer surplus is equal to $3,000; $1,500 $1,500; $3,000 $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 8. a. 1,500; $6.50 1,500; $4.50 C. b. d. 9. If a $3 per-unit tax is imposed in this market, the quantity produced changes to the price retained by sellers changes to an 750; $6.50 750; $3.50 a. b. 1,500; $6.50 1,500; $4.50 C. d. If a $3 per-unit tax is imposed in this market, there is a deadweight loss of: 10. a. $750 b. $1,125 C. $2,250 d. $4,800 Chapter 7 Assignments 148 1. 7.
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