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The graph shows the demand curve for coal. The government imposes a tax on coal and the buyer pays the entil tax. Draw the supply curve of coal. Label it S. Draw a second supply curve that shows the effect of the tax. Label it S + tax. The more the supply of coal, OA. elastic; the larger is the amount of the tax paid by the buyer OB. elastic; the more equally is the split of the tax between the buyer. and the seller OC. inelastic; the larger is the amount of the tax paid by the buyer OD. elastic; the larger is the amount of the tax paid by the seller 60- 50- 40- 30- 20- 10- Price (dollars per ton) 0- 0 D 60 OO 20 80 100 40 Quantity (thousands of tons per year) >>> Draw only the objects specified in the question. 120 G

The graph shows the demand curve for coal. The government imposes a tax on coal and the buyer pays the entil tax. Draw the supply curve of coal. Label it S. Draw a second supply curve that shows the effect of the tax. Label it S + tax. The more the supply of coal, OA. elastic; the larger is the amount of the tax paid by the buyer OB. elastic; the more equally is the split of the tax between the buyer. and the seller OC. inelastic; the larger is the amount of the tax paid by the buyer OD. elastic; the larger is the amount of the tax paid by the seller 60- 50- 40- 30- 20- 10- Price (dollars per ton) 0- 0 D 60 OO 20 80 100 40 Quantity (thousands of tons per year) >>> Draw only the objects specified in the question. 120 G

Principles of Macroeconomics (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781305971509
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter8: Application: The Costs Of Taxation
Section: Chapter Questions
Problem 3CQQ
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K The graph shows the demand curve for coal. The government imposes a tax on coal and the buyer pays the entire tax. Draw the supply curve of coal. Label it S. Draw a second supply curve that shows the effect of the tax. Label it S + tax. The more the supply of coal, OA. elastic; the larger is the amount of the tax paid by the buyer OB. elastic; the more equally is the split of the tax between the buyer and the seller O c. inelastic; the larger is the amount of the tax paid by the buyer OD. elastic; the larger is the amount of the tax paid by the seller. Selected: none 60- 50- 40- 30- 20- 10- 0- Price (dollars per ton) 0 Delete Clear 40 20 60 80 100 Quantity (thousands of tons per year) >>> Draw only the objects specified in the question. D ? POO 120 Next see scor see scor see scor X see sco past d see scc 5 US
Transcribed Image Text:K The graph shows the demand curve for coal. The government imposes a tax on coal and the buyer pays the entire tax. Draw the supply curve of coal. Label it S. Draw a second supply curve that shows the effect of the tax. Label it S + tax. The more the supply of coal, OA. elastic; the larger is the amount of the tax paid by the buyer OB. elastic; the more equally is the split of the tax between the buyer and the seller O c. inelastic; the larger is the amount of the tax paid by the buyer OD. elastic; the larger is the amount of the tax paid by the seller. Selected: none 60- 50- 40- 30- 20- 10- 0- Price (dollars per ton) 0 Delete Clear 40 20 60 80 100 Quantity (thousands of tons per year) >>> Draw only the objects specified in the question. D ? POO 120 Next see scor see scor see scor X see sco past d see scc 5 US
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