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9, and 10) >> Draw only the objects specified in the question. The anvornmont raicoc tay ravonulo of $| | million9, and 10) Question 33

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9, and 10) >> Draw only the objects specified in the question. The anvornmont raicoc tay ravonulo of $| | million9, and 10) Question 33 of 65 This test: 65 point(s) possible Resume later This question: 1 point(s) possible Submit test O B. the tax reduces the quantity of luxury boats sold to zero, so there is no tax. The supply of luxury boats is perfectly elastic, the demand for luxury boats is unit elastic, and with no tax on luxury boats the price is $4 million and 450 luxury boats a week are bought. O C. the buyer pays all of the tax. O D. the buyer and the seller split the tax evenly. Price (millions of dollars per boat) 6.40- O E. the seller pays all of the tax. The government raises tax revenue of $ | million. 5.60- > >> Answer to 1 decimal place. The graph shows the market for luxury boats before and after the 10 percent tax is put on luxury boats. 4.80- Draw a shape that represents the excess burden of the tax. $ + tax The tax is because at the quantity produced 4.00- O A. inefficient; marginal benefit exceeds marginal cost D O B. efficient; the seller receives the price the buyer pays 3.204 O C. efficient; marginal benefit exceeds marginal cost 180 270 360 450 540 Quantity (boats per week) O D. efficient; marginal cost exceeds marginal benefit >>> Draw only the objects specified in the question. O E. inefficient; marginal cost exceeds marginal benefit

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