P0 =R200;Ps =R160;Pm =R300;Q1 =2800;Q0 =3200 Calculate supplier’s revenue before tax    Calculate the supplier’s revenue after tax   Calculate the total tax revenue collected by the government

Q: A tax on the sellers of coffee will increase the price of coffee paid by buyers,

A: The question is asking about the impact of a tax on sellers of a product, in this case coffee, on…

Q: The vertical distance between points A and C represents a tax in the market. Price P4 Supply P3 B P2…

A: The equilibrium price in a market is determined by the forces of demand and supply. The equilibrium…

Q: Assuming the demand and supply curve are elastic, discuss the incidence of a tax imposed on the…

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Q: If the price elasticity of demand for decorative pillows is 2.5 and the price elasticity of supply…

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Q: Had the demand for pumpkins been perfectly inelastic at Point. A, the price elasticity of demand for…

A: Price elasticity of demand is a measurement of the change in the consumption of a product in…

Q: Price elasticity of demand (PED): Applications of concepts of elasticity PED and business…

A: Prive elasticity of demand refers to the percentage change in quantity demanded due to percentage…

Q: The supply for gasoline is more elastic than the demand of gasoline. If gasoline is taxed $1 per…

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Q: Discuss the need for, and problems associated with the administration of subsidies

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Q: Suppose that the government decides to impose a flat tax of 10% on each unit sold. Show that the…

A: Given: Qd=300-6P Qs=-40+6P Note: Part 2 has been answered as per the student's choice.

Q: Suppose the price elasticity of demand for used cars is estimated to be 3.   Demand for used cars…

A: price elasticity of demand = percentage change in quantity demanded / percentage change in price

Q: Price (dollars per case) $33.25 27 22 20 0 Tax 50 90 Supply with tax Supply Demand Quantity…

A: Excess tax burden is the economic cost of government taxes. The implementation of the tax falls on…

Q: a) find opportunity cost of the weekly government purchase (Opportunity Cost = Total Revenue –…

A: given, quantity of concrete per week equals 500 yards Price = $ 100 per yard quantity of yards per…

Q: How can price elasticity of demand help government and hypermarket manager  Pls provides examples

A: The demand for the goods and services comes from the demand side of the markets. In the markets, the…

Q: Given the following information: QD- 240-5P QS= P Where QD is the quantity demanded, QS is the…

A: According to the question given that the supply and demand function for the market. QD = 240 – 5P QS…

Q: What is indirect tax? Write its four definitions.

A: Tax is compulsory contribution on the wealth of a person or a body of person for the services of the…

Q: - The greater the elasticities of demand and supply the:

A: As per fundamental economic hypothesis, the supply of a goods increment when its value rises. Then…

Q: Point on Demand Curve: A B C D E F G H I Price (P): $40 $35 $30 $25 $20 $15 $10 $5…

A: Quantity DemandedPriceTotal…

Q: the total revenue equals profit. The following table shows the town's demand schedule for water.…

A: The monopoly is a market condition in which there will be only a single seller present. The only…

Q: The demand function for beef is Qd = 100 – 3P and supply function for beef is Qs = 10 +2P. Price…

A: (ii) Qd = 100 – 3P Qs = 10 +2P As government introduces a specific tax of N$0.25 per kg. Therefore,…

Q: Why must local governments pay attention to the types of products they tax. Describe in detail how…

A: The objective of the question is to understand the importance of the types of products that local…

Q: With a tax of Rs4/unit,the price of the good rises from Rs5/unit to Rs9/unit. Which of the following…

A: The market price of a good was Rs5 (before tax) It means the price paid by consumer (before tax) is…

Q: Calculate the size of the deadweight loss associated with this tax. ->

A: The demand curve is the graphical representation of the relationship between the quantity demanded…

Q: If a tax of $1.20 is imposed on consumers in this market, what is the tax revenue?

A:

Q: Question 29 Given the following information OD - 240 - SP QS P where QD is the quantity demanded. QS…

A: Given in the question: QD=240-5P QS = P Tax Imposed: t = $12 To find: Tax Revenue.

Q: Example 5. Maximizing Tax Revenue. Suppose the demand and supply functions for a product are p =…

A: The government imposes taxes to correct the market failure caused in a free market and thereby…

Q: If the government places a tax of $0.50/unit in each market, which market will generate the greatest…

A: Placing a tax on a good, shifts the supply curve to the left. It leads to a fall in demand and…

Q: The demand and supply equations for product A are given by the following equations: ? = 40 − 5? ? =…

A:

Q: Consider a town in which only two residents, Raphael and Susan, own wells that produce water safe…

A: We are authorized to answer one question at a time, since you have not mentioned which one you are…

Q: Suppose the elasticity of demand for a product is 0 and the elasticity of supply is 1. If the…

A: The incidence of taxation refers to the distribution of the economic burden of a tax among various…

Q: Assume that the elasticity of demand for fanta is -0.8 while the elasticity of supply is 0.4. What…

A:

Q: Demand for a product is described by the price-quantity curve p = 225 0.2g and supply is described…

A: We are given:  Demand: Pd = 225 - 0.2 q1/2Supply: Ps = 45 + 0.2 q1/2

Q: An excise duty imposed on a single commodity falls entirely on the consumer if the: A supply curve…

A: The incidence of tax tells us the distribution of the effect of tax between consumer and producer.…

Q: so what are the revenue implications of the two policies?(minimum unit price and a tax on alcohol)

A: The minimum unit price is also called the price floor. It is defined as the lowest price determined…

Q: If the elasticity of demand is -1.8 and the elasticity of supply is 1, then consumers are than…

A: please find the answer below.

Q: why do comsumers pay the tax on goods if the elasticity of demand is less than the elasticty of…

A: Demand is said to be inelastic when the change in price leads a change in quantity demanded in…