the vertical distamce betwen pom A amd B nepresents a tax im the manket. supply 12 1 Demand 35 50 the loss comsumu to aF Teu the taxes will. be a) 50 b) 1os d)170 e) 250 300 1O

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Instructions: Type in the amount of a tax, and click Supply or Demand to choose whether the tax is imposed on sellers or on buyers. Then move the Demand or Supply sliders to change the elasticities of supply and demand Set the tool to illustrate an $8 tax imposed on the buyers. Adjust the elasticity demand so that the vertical intercept is $80. Adjust the supply elasticity so that the vertical intercept of the supply curve is $40. Answer the following questions: a. What is the price paid with this $8 tax? $[ (answer to two decimal places) D. How does the new price change as you move the supply slider towards "less elastic?" the after price talis c. What changes if you impose the tax on sellers instead of on buyers? supply shifts instead of demand

ard My courses My Media 30 t of s page pter 17 Figure 8-5 Price Pa P₁ P₂ 0 B D F Tax G 8₂ C O a. F O b. A OC. A+B+C O d. D+E E H 9₁₂ D Jump to... Quantity Refer to Figure 8-5. Which area represents producer surplus after the tax is levied on the consumer? Time left 0:49:47 NEXT PAGE ?