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5. How much of this tax will the sellers pay? 6. How much will the buyers pay for the product after the tax is imposed?

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5. How much of this tax will the sellers pay? 6. How much will the buyers pay for the product after the tax is imposed? 7. How much will the sellers receive after the tax is imposed? 8. As a result of the tax, what is the level of market activity? 9. How much tax revenue does this tax generate for the government? 10. How much deadweight loss caused by this tax? Figure 1 price S after tax 2 4 6 s 10 12 14 16 quantity

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