(Table: Market for Fried Cheesecake) The government decides to tax fried cheesecake at a rate of $0.30 per cheesecake and collect the tax from buyers. According to the table below, after paying the tax, producers will receive S per cheesecake, and they will sell cheesecakes after the tax. Table: The Market for Fried Cheesecake Price (S/unit) 3.10. 3.20 3.30 3.40 3.50 a. 3.50, 5,000 Ob. 3.30, 7,000 OC 320, 5,000 Od. 3.10; 3,000 Quantity Demanded(units) 9,000 8,000 7,000 6,000 5,000 Quantity Supplied (units) 3,000 5,000 7,000 9,000 11,000

(Table: Market for Fried Cheesecake) The government decides to tax fried cheesecake at a rate of $0.30 per cheesecake and collect the tax from buyers. According to the table below, after paying the tax, producers will receive S per cheesecake, and they will sell cheesecakes after the tax. Table: The Market for Fried Cheesecake Price (S/unit) 3.10. 3.20 3.30 3.40 3.50 a. 3.50, 5,000 Ob. 3.30, 7,000 OC 320, 5,000 Od. 3.10; 3,000 Quantity Demanded(units) 9,000 8,000 7,000 6,000 5,000 Quantity Supplied (units) 3,000 5,000 7,000 9,000 11,000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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