The article does not mention the costs involved with the imposition of a sugary tax. Illustrate, with the use of an appropriate figure, what the deadweight loss from the imposition of a sugary tax would look like. Particularly, who would likely suffer a greater share of the deadweight loss – the consumer or producer? Why?

Illustrate, with the use of an appropriate figure, what the deadweight loss from the imposition of a sugary tax would look like.

Assume that the monthly demand for Gala apple in the US is given by q=1200-300p and quantity is in million pounds. The monthly supply of Gala is q= -200+400p for p>$0.5. Now assume that the government has imposed a quantity tax equal to $0.14 on each pound of apple. What is the new equilibrium consumer price, producer price and quantity?

tax on buyers

Suppose that the U.S. government decides to charge beer producers a tax. Before the tax, 20 million cases of beer were sold every month at a price of $4 per case. After the tax, 13 million cases of beer are sold every month; consumers pay $7 per case, and producers receive $2 per case (after paying the tax). The amount of the tax on a case of beer is   per case. Of this amount, the burden that falls on consumers is   per case, and the burden that falls on producers is   per case.   True or False: The effect of the tax on the quantity sold would have been the same as if the tax had been levied on consumers. True   False

The daily demand and supply curves for milk in the small town of Dairyville are as shown in the figure.       Suppose the government imposes a price ceiling on milk of $5 per gallon.   a. How many gallons of milk will be bought and sold each day after the imposition of the price ceiling?   gallons per day   b. What will be the excess demand for milk each day after the imposition of the price ceiling?   gallons per day   c. What will be consumer surplus after the imposition of the price ceiling?   $ per day   d. What will be producer surplus after the imposition of the price ceiling?   $ per day   e. What will be the loss in total economic surplus each day that results from the imposition of the price ceiling?   $ per day

Suppose that the local government of Columbus decides to institute a tax on soda producers. Before the tax, 30 million liters of soda were sold every month at a price of $9 per liter. After the tax, 23 million liters of soda are sold every month; consumers pay $14 per liter, and producers receive $6 per liter (after paying the tax). The amount of the tax on a liter of soda is $ that falls on producers is $ per liter. True or False: The effect of the tax on the quantity sold would have been smaller if the tax had been levied on consumers. True per liter. Of this amount, the burden that falls on consumers is $ False per liter, and the burden

Suppose that the local government of Santa Fe decides to institute a tax on soda consumers. Before the tax, 45,000 liters of soda were sold every week at a price of $10 per liter. After the tax, 38,000 liters of soda are sold every week; consumers pay $14 per liter (including the tax), and producers receive $8 per liter. The amount of the tax on a liter of soda is 3 that falls on producers is 5 per liter. True or False: The effect of the tax on the quantity sold would have been the same as if the tax had been levied on producers. True per liter. Of this amount, the burden that falls on consumers is 3 O False per liter, and the burden

(a) Suppose in a competitive market, the market demand curve for salt is infinitelyinelastic. What is the impact of a per-unit tax (i.e. a specific tax) on the priceof salt that consumers pay? Suppose the demand curve for butter is Q = 50 − 3P and the supply curve isQ = 2P. Suppose the government announces a per-unit tax of 1 on the priceof butter. Tax on butter can be seen as a ’fat tax’. What is the overall effectof a fat tax on the consumers?    Please do not use chat gpt and answer the best way it can be.

When a tax of $1.00 per gallon is imposed on sellers of gasoline, the supply curve for gasoline shifts upward, but by less than $1.00. a. True b. False