ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Questions 8-9

B Chapter 7 Slides (Spring 21) - EC X
B Chapter 7 Practice Questions1 - E X
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Chapter 7 Practice Questions1
口
Page 3
Chapter 7
Use the following to answer questions 8-12:
Figure: The Market for Hamburgers
Price of
hamburger
3.50
S1
2.00
1.50
1.20
D1
300 400
Quantity of hamburgers
(per week)
8. (Figure: The Market for Hamburgers) Look at the figure The Market for Hamburgers. If
the market is originally in equilibrium and the govermment imposes an excise tax of
$0.80 per unit of the good sold, then the incidence of the tax on consumers will be:
A) $0.30 per hamburger.
B) $0.50 per hamburger.
C) $0.80 per hamburger.
D) 100 hamburgers.
9. (Figure: The Market for Hamburgers) Look at the figure The Market for Hamburgers. If
the market is originally in equilibrium and the government imposes an excise tax of
$0.80 per unit of the good sold, consumer surplus will be reduced by:
A) $175.
B) $240.
C) $105.
D) $90.
2:30 PM
P Type here to search
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4/20/2021
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田 ↑
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Transcribed Image Text:B Chapter 7 Slides (Spring 21) - EC X B Chapter 7 Practice Questions1 - E X + -> A d21.mu.edu/d2l/le/content/428623/viewContent/3328304/View E Apps M Gmail YouTube Maps Connect - To Do As... Y Lineups I Untitled Document... 10-Game Log Chapter 7 Practice Questions1 口 Page 3 Chapter 7 Use the following to answer questions 8-12: Figure: The Market for Hamburgers Price of hamburger 3.50 S1 2.00 1.50 1.20 D1 300 400 Quantity of hamburgers (per week) 8. (Figure: The Market for Hamburgers) Look at the figure The Market for Hamburgers. If the market is originally in equilibrium and the govermment imposes an excise tax of $0.80 per unit of the good sold, then the incidence of the tax on consumers will be: A) $0.30 per hamburger. B) $0.50 per hamburger. C) $0.80 per hamburger. D) 100 hamburgers. 9. (Figure: The Market for Hamburgers) Look at the figure The Market for Hamburgers. If the market is originally in equilibrium and the government imposes an excise tax of $0.80 per unit of the good sold, consumer surplus will be reduced by: A) $175. B) $240. C) $105. D) $90. 2:30 PM P Type here to search 22% 4/20/2021 ... く 田 ↑
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