PRICE (Dollars per blinkie)12.009.006.00DemandIABDFIсEQUANTITY (Blinkies)Complete the following table, given the information presented on the graph.ResultPrice consumers pay after taxPer-unit taxEquilibrium quantity before tax$$ValueSupplyIn the following table, indicate which areas on the previous graph correspond to each concept. Check all that apply.ConceptConsumer surplus after the tax is imposedProducer surplus before the tax is imposedTax revenue after the tax is imposedABсDE000F00

PRICE (Dollars per blinkie) 12.00- 9.00 6.00 Demand | A I B D F T ☆ 6 U E 9 QUANTITY (Blinkies) Result Price consumers pay after tax Per-unit tax Equilibrium quantity before tax Complete the following table, given the information presented on the graph. $ $ Value Supply In the following table, indicate which areas on the previous graph correspond to each concept. Check all that apply. Concept Consumer surplus after the tax is imposed Producer surplus before the tax is imposed Tax revenue after the tax is imposed A B C D E F

PRICE (Dollars per blinkie) 12.00- 9.00 6.00 Demand | A I B D F T ☆ 6 U E 9 QUANTITY (Blinkies) Result Price consumers pay after tax Per-unit tax Equilibrium quantity before tax Complete the following table, given the information presented on the graph. $ $ Value Supply In the following table, indicate which areas on the previous graph correspond to each concept. Check all that apply. Concept Consumer surplus after the tax is imposed Producer surplus before the tax is imposed Tax revenue after the tax is imposed A B C D E F

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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1. Consider the market for candy bars given below. Suppose that the government imposes a tax of $2 per candy bar in this market. Show on the graph and calculate the following: Price 5 $4.50 $4 $3.50 Supply 53 $2.50 $2 $1.50 $1 Demand S0.50 400 800 1200 1600 2000 2400 2800 3200 3600 4000 Candy Bars A. The quantity the market will produce with the tax. B. The government revenue from the tax. C. The deadweight loss from the tax. D. The consumer surplus with the tax. E. The producer surplus with the tax.
Calculate the consumer surplus Calculate the producer surplus before the tax
The following graph represents the demand and supply for blinkies (an imaginary product). The black point (plus symbol) indicates the pre-tax equilibrium. Suppose the government has just decided to impose a tax on this market; the grey points (star symbol) indicate the after-tax scenario. PRICE (Dollars per blinkie) Demand 42.00---== 36.00 30.00 B II Supply QUANTITY (Blinkies)
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Suppose that the government imposes a tax on cigarettes. Use the diagram below to answer the questions. D is the demand curve before tax, S is the supply curve before tax and S, is the supply curve after the tax. Price 18 12 10 10 12 Qua (a) For the market for cigarettes without the tax. Indicate: (1) Price paid by consumers (i) Price paid by producers (ii) Quantity of cigarettes sold (iv) Buyer's reservation price (v) Seller's reservation price
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