Suppose the government imposes a $10 per unit tax on a good. C. d. 24 22+ 20- 18 16 14+ 12- 10+ 8 6- 2. N Price A B D J K C F L B+C. A+B+C A+B+D+J+K G H M 3 6 9 12 15 18 21 24 27 30 33 36 39 Supply Demand After the tax goes into effect, consumer surplus is the area a A b. Quantity

Consumer and Producer surplus Stax P $100 $70 $50 $45 $X $5 D 40 60 Assume an excise tax that has caused a decrease in Supply as shown on the graph above Show all work. а. How much is the tax per- unit b. How much is the value of X (intercept of the green line). How do you describe what that value is? C. How much is the consumer surplus before the tax? d. How much is producer surplus before the tax? е. How much is the consumer surplus after the tax? f. How much is producer surplus after the tax? g. How much is the deadweight loss as a result of the tax

Macmillan Learning Suppose the graph depicts a hypothetical market for concert tickets at a local college venue. Because students are paying such high prices, a price ceiling of $40 per concert is being considered. Move the price ceiling line to correctly depict the price ceiling of $40. By how much does consumer surplus (CS) increase if the price ceiling is imposed? $ 250 Price (S) 100 90 80 70 60 50 40 30 20 10 0 0 Market for Concert Tickets Price ceiling 10 20 30 D Quantity (tickets) S 40 50 60 70 80 90 100

The graph above is for the market for broadband home internet. The regulator recently levied a $10 excise tax on the internet service providers. What area(s) in the graph identify the loss of producer surplus due to the tax?     d + e + f     d + e     e     d

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.

Q26

Refer to Figure A-2. The supply curve S1 and the demand curve D show the initial market equilibrium for the beer market. A $.25-per-bottle tax is on beer is placed on producers, which shifts the supply curve from S1 to S2. What is the tax revenue generated by consumers? Group of answer choices $12 15 $0.25 3

a. Before the tax is imposed, the equilibrium price is $ 3 and the equilibrium quantity is 10. This generates an economic surplus of $

Refer to the figure below: 12 11 10 Supply 6. 3 Demand s 10 15 20 25 30 35 40 45 If a tax of $3 is levied on this good, what is the producer surplus after tax? $112.5 $22.5 $45

Price P2 P1 P3 Figure A-1 Ice Cream I NI KI X I I W q2 ql S2 S1 D Quantity (scoops) Figure A-1 represents the market for ice cream before and after a per-scoop tax. What does the area w represent? O the resulting loss of producer surplus O the resulting loss in consumer and producer surplus O the resulting tax revenue generated O the resulting consumer surplus generated