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can i be assisted with these 2 question please Suppose that the government imposes a tax on the market. D is the demand curve before
can i be assisted with these 2 question please
Suppose that the government imposes a tax on the market. D is the demand curve before tax, S is the supply curve before tax and S after tax is the supply curve after the tax. Use the graph to answer the following questions: price S after tax 20 25 30 35 4 1 65 70 quantry The equilibrium price in the market before the tax is imposed is $ The price paid by buyers after the tax is imposed is $ The price sellers receive after the tax is imposed is $ The amount of the tax per unit is $Suppose that the supply and demand schedules for a product are as follows: Price Quantity demanded Quantity supplied $1 1,200 0 $5 1,000 100 $10 800 200 $15 600 300 $20 400 400 $25 200 500 $30 0 600 The equilibrium price is $ and the equilibrium quantity is The buyer's reservation price is $ and the seller's reservation price is $ The consumer surplus when the market is in equilibrium is $ and the producer surplus is $ If a price floor is imposed on the market, based on the table the maximum price that could be charged is SStep by Step Solution
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