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The graph shows the demand curve for coal. The government imposes a tax on coal and the buyer pays the entire tax. Draw the supply curve of coal. Label it S. Draw a second supply curve that shows the effect of the tax. Label it S + tax.

The graph shows the demand curve for coal. The government imposes a tax on coal and the buyer pays the entire tax. Draw the supply curve of coal. Label it S. Draw a second supply curve that shows the effect of the tax. Label it S + tax.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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K % 5 The graph shows the demand curve for coal. The government imposes a tax on coal and the buyer pays the entire tax. g Draw the supply curve of coal. Label it S. Draw a second supply curve that shows the effect of the tax. Label it S + tax. t The more the supply of coal, ⒸA. elastic; the larger is the amount of the tax paid by the buyer O B. elastic; the more equally is the split of the tax between the buyer and the seller OC. inelastic; the larger is the amount of the tax paid by the buyer OD. elastic; the larger is the amount of the tax paid by the seller 6 Oll y (...) h Selected: none & 7 U O Ĵ * 8 k 61 9 60- O 50- 40- 30- 20- 10- 0 Price (dollars per ton) 20 40 60 80 100 Quantity (thousands of tons per year) >>> Draw only the objects specified in the question. Delete Clear ? 4 ) 0 р D ➜ 120 18 Next Q Q US 10
Transcribed Image Text:K % 5 The graph shows the demand curve for coal. The government imposes a tax on coal and the buyer pays the entire tax. g Draw the supply curve of coal. Label it S. Draw a second supply curve that shows the effect of the tax. Label it S + tax. t The more the supply of coal, ⒸA. elastic; the larger is the amount of the tax paid by the buyer O B. elastic; the more equally is the split of the tax between the buyer and the seller OC. inelastic; the larger is the amount of the tax paid by the buyer OD. elastic; the larger is the amount of the tax paid by the seller 6 Oll y (...) h Selected: none & 7 U O Ĵ * 8 k 61 9 60- O 50- 40- 30- 20- 10- 0 Price (dollars per ton) 20 40 60 80 100 Quantity (thousands of tons per year) >>> Draw only the objects specified in the question. Delete Clear ? 4 ) 0 р D ➜ 120 18 Next Q Q US 10
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