Given the following information: QD= 240-5P QS= P Where QD is the quantity demand, QS is the quantity supplied and P is the price. Suppose the government decides to impose tax of $12 per unit on sellers in the market. Determine: Consumer surplus after tax _____________
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Given the following information:
QD= 240-5P
QS= P
Where QD is the quantity demand, QS is the quantity supplied and P is the
Determine:
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- Question 2f - part 2 Given the following information QD- 240- 5P QS = P where QD is the quantity demanded, QS is the quantity supplied and P is the price Suppose that the government decdes to impose a tax of $12 per unit on sellers in this market. Determine: Producer surplus after taxThe demand and supply equations for a product are: Q^d=300-6p and Q^x=-40+6p. . Determine the market Equilibrium and draw graphs. Suppose that the government decides to impose a flat tax of 10% on each unit sold. Show that the price that consumers pay would be the same if the government imposed a tax of Rs. 1.70 per unit sold. Draw graph and explain . Also calculate the total revenue earned by sellers before and after the tax, the tax revenue raised by the government, changes in consumer and producers surplus and dead weight lossA specific tax will be imposed on a good. The supply and demand curves for the good are shown in the diagram below. Given this information, the burden of the tax: Price ($ per unit of output) Supply Demand Output O A) falls mostly on consumers. B) falls mostly on producers.
- supply and demand functions is Qs=20+3P and Qd=75-2P. Answer: what is equilibrium price and quantity using obtained equilibrium price and quantity calculate Consumer and Producer surplus using after tax equilibrium price (8% tax) and quantity calculate total surplus and deadweight loss. Typed answer please. I ll rateSuppose that a tax of $6.00 is imposed on this market, what is the tax revenue?The demand and supply equations for a product are: Q* = 0.2 300 – 6P and Q' = -40 + 6P. Determine the market equilibrium and draw graphs. Suppose that the government decides to impose a flat tax of 10% on each unit sold. Show that the price that consumers pay would be the same if the government imposed a tax of Rs. 1.70 per unit sold. Draw graphs and explain. Also calculate the total revenue earned by sellers before and after the tax, the tax revenue raised by the government, changes in consumer and producers surplus and dead weight loss.
- The market demand is Qd=12 - 0.04P The market supply is Qs=3.8P + 4 Questions: 1) Calculate the equilibrium qty and price 2) Calculate the elasticity of demand at equilibrium point Supposed each unit is taxed $0.25: 3a) calculate the revenue generated by tax 3b) calculate loss in consumer surplus and the percentage of the burden of the tax paid by consumers. 3c) calculate loss in producer surplus and the percentage of the burden of the tax paid by producers.Question2f - part 1 Given the following information QD = 240 – 5P QS = P where QD is the quantity demanded, QS is the quantity supplied and P is the price. Suppose that the government decides to impose a tax of $12 per unit on sellers in this market. Determine: Consumer surplus after tax ENTER FINAL ANSWER ONLY AS NEAREST WHOLE NUMBER. NO WORKINGS Answer:Question 2i Given the following information QD = 240 – 5P QS = P where QD is the quantity demanded, QS is the quantity supplied and P is the price. Suppose that the government decides to impose a tax of $12 per unit on sellers in this market. Determine: Total surplus after tax ENTER FINAL ANSWER ONLY. NO WORKINGS Answer:
- QUESTION 5 Consider the following demand and supply curves Demand: P = 50+i-70, Supply: P=wages + 30 Where i is income and wis wages If the government places a 10-dollar tax on producers, what would be the resulting consumer surplus?The demand and supply equations for a product are: Q"= 300 – 6P and Q' = -40 + 6P. Determine the market equilibrium and draw graphs. Suppose that the government decides to impose a flat tax of 10% on each unit sold. Show that the price that consumers pay would be the same if the government imposed a tax of Rs. 1.70 per unit sold. Draw graphs and explain. • Also calculate the total revenue earned by sellers before and after the tax, the tax revenue raised by the government, changes in consumer and producers surplus and dead weight loss.Suppose the market demand for milk is Qd = 40 – 4P Where Qd is millions of gallons demanded and P is price per gallon. Suppose the market supply for milk is Qs = - 40/3 + 20/3P Suppose a tax of $1 per gallon of milk is imposed in this market. What is the new price paid by consumers and What is the quantity of milk sold? *Hint: It does not matter if the tax is collected from purchasers or sellers.
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