Instructions: Adjust the sliders so that the vertical intercept of the supply curve is $10.00 and the vertical intercept is $83.00 for the demand curve. Represent a $16.00 tax that is paid by sellers. Click the Tax Burden switch above the graph to show areas that represent some of the effects on consumer and producer surplus. Report all answers as positive values to two decimal places. a) How much revenue does the government earn from this tax? $1 b) How much of the government's revenue would have been consumer surplus had there not been a tax? $ c) How much of the government's revenue would have been producer surplus had there not been a tax? $

If the demand for a product is inelastic but the supply is elastic, the ________ will bear the tax incidence.   Question 43 options:   a)  the local government   b)  the producer   c)  the consumer   d)  the federal government

The demand function D(p) = 200 - 4p and supply function is S(p)= 6p1. Find the equilibrium price and quantity2. If government collect $10 unit tax from each product, find the equilibrium demand and supplyprices.3. How much tax revenue is collected?4. What is the deadweight loss amount as a result of taxation?

If the burden of a tax on sugary drinks is borne mostly by consumers, it must be the case that: a)  The demand for sugary drinks is much less elastic than their supply. b)  Both the demand for, and the supply of, sugary drinks is inelastic. c)  Both the demand for, and the supply of, sugary drinks is elastic. d)  The demand for sugary drinks is much more elastic than their supply.

tax on buyers

Question 2: Imposing a single-stage tax Assume that there are 1000 importers and manufacturers, 2,000 wholesalers, and 10,000 retailers. Each manufacturer (importer) has sales of $30,000,000 which is sold equally across wholesalers, and wholesalers put a 20% markup on the price before selling to retailers Then the goods are resold equally to 10,000 retailers and the retailers impose a 25% markup on it. Suppose the government needs to raise 4.5 billion with a single- stage sales tax, a. What would be the rate of tax the government needs to impose on the sales of importers and manufacturers to achieve the revenue target. b. What would be the rate of tax the government needs to impose on the sales of wholesalers to achieve the revenue target?

Tax exludes total surplus is 42017

If the state government would like to increase tax revenue, please give three examples of products/commodities that the government should impose tax on so that they can collect the highest amount of tax revenue. Please explain your reasons clearly.

Q)Economics If the tax elasticity of supply is 0.16, by how much will the quantity supplied increase when the marginal tax rate decreases from 40 to 36 percent?

Question 4 24 22 20 18 Supply 16 14 12 10 4 Demand 369 12 15 18 21 24 27 30 33 36 QUANTITY Consider the market described by the graph above where the vertical distance between points A and B represents a tax in the market. The per-unit burden of the tax on sellers is $4 and the tax results in a loss of $72 in producer surplus. $8 and the tax results in a loss of $48 in producer surplus. $4 and the tax results in a loss of $16 in producer surplus. $8 and the tax results in a loss of $16 in producer surplus.