Government levied a tax on good A. The less elastic the demand is, the greater or the smaller the tax burden consumers bear? Also, is the after-tax equilibrium quantity the greater or smaller? Consumers’ tax burden: After-tax equilibrium quantity:

The graph shows the market for basketballs in which sellers are taxed $6 a ball. Draw a shape that shows the excess burden of the tax on basketballs. The excess burden of the tax on basketballs is $ million. The supply of basketballs is more pays most of the tax. A. elastic; seller OB. elastic; buyer OC. inelastic; buyer O D. elastic; seller than the demand for basketballs, and the

P' P" P" Price J K L M N BO Demand Quantity Suppose the government imposes a tax of P-P. The area given by I + Y represents... a. deadweight loss of taxation b. government revenue Supply c. consumer surplus after tax d. total surplus after tax

If the government imposes a $5 excise tax on the production of wine, then from the perspective of wine consumers, the "effective" or after-tax supply curve for wine wil shift down vertically by more than $5 Mp verticaly by exactly SS down vertically by exoctly $5 dwn vertically hv less than $ atly Inv less then 15 left herleaty

Kel ng Time: * Question Completion Status: The vertical distance between points and represents a tax in the market. PRICE 12 10 9 8 CO 76 5 inutes, 37 seconds. 4 3 2 1 A B Supply Demand +++ H 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5 6) QUANTITY Refer to Figure 8-2. The amount of tax revenue received by the government is a. $2.50. b. $9. c. $4. d. $5. A Moving to another question will save this response. Mac

How do the elasticities of supply and demand affectthe deadweight loss of a tax? Why do they have thiseffect?

Price NA GOREN $20 18 16 14 10 D DAfter Tax 0 10 20 30 40 50 60 70 80 90 Quantity According to the graph, the price sellers will receive after the tax is imposed is $18.00. $14.00. $12.00. $8.00.

To determine who bears the greater share of a tax, we compare the اختر أحد الخيارات .a. elasticity of supply to the elasticity of demand O .b. pre-tax quantity to the post-tax quantity O .C. government tax revenue to the revenue collected by the suppliers O .d. size of the tax to the price of the good O .e. number of buyers to the number of sellers O