(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

On June 2, 2008, the State of New York imposed a tax of $1.25 per pack of cigarettes. Prior to the tax, the market price was $5.82 per pack and there were 1 million New York smokers. Assume that each smoker consumes one pack of cigarettes per day. After the tax, N.Y. Health Commissioner estimated that 140,000 people stopped smoking and the market price of cigarettes increased from $5.82/pack to $6.57/pack. Calculate the price elasticity of demand based on these estimates and assumptions.

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Figure: The Market for Lattes Price (per latte) $4.50 4.00 3.50 3.00 2.50 2.00 1.50 1.00 0.50 0 200 S D 1,800 600 1,000 1,400 Quantity of lattes (in cups) 2. Figure: The Market for Lattes) If the government assesses a tax of $0.75 on sellers of lattes, a. What is the consumer price and producer price after tax was imposed? b. What is the new PS?

help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working

Table: The Market for Chocolate-Covered Peanuts Price (per bag) $0.90 0.80 0.70 0.60 0.50 0.40 0.30 Quantity Demanded (bags per month) 70 105 140 175 210 245 280 Quantity Supplied (bags per month) 280 245 210 175 140 105 70 (Ref 6-4 Table: The Market for Chocolate-Covered Peanuts) Use Table: The Market for Chocolate-Covered Peanuts. A surplus of per bag. 210 bags of chocolate-covered peanuts per month exists if the price is O a. $0.80 O b. $0.90 c. $0.40 O d. $0.60

Assume the government taxes packs of cigarettes both to discourage cigarette smoking and to raise tax revenue. The average excise tax on a pack of cigarettes is $2.50 per pack. The table below presents the annual demand and supply schedules, In billions of packs. both before and after the tax on packs of cigarettes. Market for Cigarettes Price (dollars par pack) $10.00 9.75 9.50 9.29 8.75 8.58 8.25 3.08 7.75 7.58 7.25 7.08 6.75 6.58 4.25 6.00 5.75 5.58 9.25 5.00 4.75 4.50 Quantity of Cigarettes Demanded (Dillions of packa) 5.0 7.5 10:0 12.5 15.0 17.5 28.0 22.5 25.0 27.5 32.5 39.0 37.5 42.5 45.8 47.5 50.0 52.5 55.0 57.5 60.0 Quantity of cigarettes supplied (billions of packs) 65.0 62.5 60.0 57.5 52.9 50.0 47.5 45.0 42.5 37.5 35.0 32.5 30.0 27.5 25.0 22.5 28.0 $2.50 per pack $0.50 per pack $1.75 per pack $700 Ft paci 17.5 15.0 12.5 18.0 Quantity of Cigarettes Supplied with Tax (billiona of packs) 49.0 37.5 35.0 32.5 30.0 27.5 25.8 22.5 28.8 17.5 15.8 12,5 18.0 a. What are the equilibrium…

Price (dollars per gallon) S2 $5.50 3.50 2.50 D Quantity (millions of gallons per month) 30 40 45 Assume the graph above illustrates a new tax put into the market for soft drinks. S2 is the supply curve with the $2 tax in place. What price would consumers pay if the tax was placed on consumers instead of producers? 1) $2.00 O 2) $3.50 3) $2.50 4) $1.50

PRICE (Dollars per pack) 50 45 TAX REVENUE (Dollars) 40 35 30 25 400 360 320 At this tax amount, the equilibrium quantity of cigarettes is government collects $ in tax revenue. 280 240 0 Suppose the government imposes a $10-per-pack tax on suppliers. 200 160 120 0 5 80 40 Supply Now calculate the government's tax revenue if it sets a tax of $0, $10, $20, $25, $30, $40, or $50 per pack. (Hint: To find the equilibrium quantity after the tax, adjust the "Quantity" field until the Tax equals the value of the per-unit tax.) Using the data you generate, plot a Laffer curve by using the green points (triangle symbol) to plot total tax revenue at each of those tax levels. 0 Demand Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 10 15 20 25 30 35 40 45 50 QUANTITY (Packs) 5 True O False Graph Input Tool Market for Cigarettes Quantity (Packs) 10 15 20 25 30 TAX (Dollars per pack) Demand Price (Dollars per pack) Tax…