Suppose a tax of $0.25 is placed on the market depicted below. 0.90 085 0.80 0.75 0.70 0.65 0.60 0.55 050 0.45 0.40 50 100 150 200 250 300 350 400 What is the consumer surplus after the tax is imposed? a. 25 O b.30 O c. 10 O d. 15
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- Figure & The vertical distance between peints A and B represents a tax in the market. Refer to Figure &. The munt of deadweight loss as a result of the tax is O $400 O $250 O $600 O $50. 82882288922 110 PRICE 100 Supply K Demand 610 15 20 25 10 QUANTITY 02Suppose a tax of $0.25 is placed on the market depicted below. 090 085 0.80 0.75 0.70 085 060 0.55 050 0.45 0.40 50 100 150 200 250 300 350 400 What is the DWL from the tax? O a. 8.75 O b.15 O C. 10 O d. 12.5011.00 Ob. 1/5 Oc 1/3 O d. 3/4 10.00 9.00 8.00 7.00 6.00 5.00 4.00 3.00 2.00 1.00 300 600 900 1200 1500 2100 1800 Supply Demand 2400 Suppose that a $3 tax was imposed on the market above, what is the consumer tax-incidence? a. 2/3
- 5.25 5.00 4.75 4.50 4.25 4.00 3.75- 3.50 3.25 3.00 2.75 2.50 2.25 2.00 300 320 340 360 380 400 Suppose that a $0.75 tax is imposed in this market. What is the tax incidence? 1/3 1/2 2/3QUESTION 10 Figure 6-24 16 30 24- Price 18- 12+ 6+ 80 160 210 240 Supply D₂ D₁ 320 Quantity Refer to Figure 6-24. The per-unit burden of the tax on buyers of the good is O a. $4. O b. $6. O c. $8. O d. $2.Price te ng 20 18 16 14 12 10 8 6 4 O -~ 2 8 10 Quantity What is the amount of producer surplus after the government imposes the excise tax on the market? C Multiple Choice ооо 4 $40 $32 $9 $7 6 12 14 S₂ 16 S
- Figure 8-2 The vertical distance between points A and B represents a tax in the market. 12 11 10 9 8 7 4 3 2 1 个 Price A 05 1 15 2 25 3 35 4 45 5 a) $4. O b) $3. O d) Refer to Figure 8-2. The loss of producer surplus as a result of the tax is Supply $2. Demand $1. Quantity12 11- 30 9 . 7 6 5 4 3 O $60 Use the above graph to answer the following question. Suppose the government imposes a tax of $6 per unit. What will be the deadweight loss due to the tax? $30 O $120 Paply O None of the above. Depend 30 35 40 45Figure 6-20 Price 16 30+ 24- 18- 12+ 6+ 80 160 210 240 Supply D₁ 320 Quantity Refer to Figure 6-20. Andrew is a buyer of the good. Taking the tax into account, how much does Andrew effectively pay to acquire one unit of the good? $16 O $18 O $24 O $26
- 10.00 9.00 8.00 7.00 6.00 5.00 4.00 3.00 2.00 1.00 300 600 900 1200 1500 1800 2100 Supply Demand 2400 Suppose that a tax of $3 was inserted into the market above, what would be the new price that consumers pay? O a.7 O b.6 O c. 8 O d.5Price (per ton) $60 50 20 60 70 Quantity (millions of tons) Refer to Figure 4-8. The supply curve S₁ and the demand curve D indicate initial conditions in the market for soft coal. A $40-per-ton tax on soft coal is levied, shifting the supply curve from S₁ to S 2. Which of the following states the actual burden of the tax? O $10 for buyers and $30 for sellers $30 for buyers and $10 for sellers $2 The entire $40 falls on sellers. The entire $40 falls on buyers.QUESTION 8 Figure 14 12 10 8 6 4- 2- 10 20 30 40 50 60 70 Refer to Figure. If the government imposed a tax of $6 per unit in this market then which of the following statements would be correct? O a. The burden of tax will fall equally on the buyers and sellers. O b. The burden of tax will fall more on the buyers. O C. The burden of tax will fall more on the sellers. O d. Neither buyer or seller will have to pay the tax.