Solve this economic all subparts,a, c and d The data in the following table is for the latest Book by Mark Blackfoot.a) Fill in the Quantity Supplied (after tax) column assuming that a $2 per unit excise tax is imposed on the supplier.Price toConsumersQuantityDemandedQuantitySupplied(before tax)QuantitySupplied (aftertax)8180609165751015090111351051212012013105135b) What is the equilibrium price and quantity before the tax?Equilibrium Price = $0Equilibrium Quantity = 0c) What is the equilibrium price and quantity after the $2 tax is imposed?Equilibrium Price (after tax) = $0Equilibrium Quantity (after tax) = 0d) What portion of the $2 tax is paid by the seller and what portion is paid by the consumer?Seller = S0Consumer = $0

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ne data in the following table is for the latest Book by Mark Blackfoot. Fill in the Quantity Supplied (after tax) column assuming that a $2 per unit excise tax is imposed on the supplier. Quantity Supplied (before tax) 60 Quantity Supplied (after tax) Price to Quantity Demanded Consumers 8 180 9 165 75 10 150 90 11 135 105 12 120 120 13 105 135 What is the equilibrium price and quantity before the tax? Equilibrium Price = $ 0 Equilibrium Quantity = 0

ne data in the following table is for the latest Book by Mark Blackfoot. Fill in the Quantity Supplied (after tax) column assuming that a $2 per unit excise tax is imposed on the supplier. Quantity Supplied (before tax) 60 Quantity Supplied (after tax) Price to Quantity Demanded Consumers 8 180 9 165 75 10 150 90 11 135 105 12 120 120 13 105 135 What is the equilibrium price and quantity before the tax? Equilibrium Price = $ 0 Equilibrium Quantity = 0

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter6: Elasticity

Section6.4: The Relationship Between Taxes And Elasticity

Problem 4ST

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