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E Summer 2023 4) If there is no tax in the market, how much is total surplus?(1pt) Home Modules Account Grades 18 5) If a
E Summer 2023 4) If there is no tax in the market, how much is total surplus?(1pt) Home Modules Account Grades 18 5) If a tax of $5.00 is imposed in this market, what is the amount of shrimp transacted?(0.5pt) Library Guides Dashboard 6) If a tax of $5.00 is imposed on the market, how much do consumers pay for shrimp? (0.5pt) Courses 7) If a tax of $5.00 is imposed on the market, how much do producers receive for shrimp? (1pt) Groups Calendar 8) What is government revenue from a tax of $5.00? (1pt) Inbox 9) What is deadweight loss from a tax of $5.00? (1pt) History 10) What is the new Consumer surplus after a tax of $5.00?(1pt) Studio Follett Follett 11) What is the new producer surplus after a tax of $5.00?(1pt) DiscoverE Summer 2023 Figure: The Shrimp Market Home Price of shrimp (per Modules pound) Account Grades 18 $22.50 20.00 Library Guides Dashboard 17.50 15.00 12.50 Courses 10.00 7.50 Groups 5.00 2.50 Calendar 0 250 500 750 1,000 1 250 1,500 1,750 Quantity of shrimp (in pounds) Inbox 1) If there is no tax in the market, what are the equilibrium price and quantity?(1pt) History 2) If there is no tax in the market, how much is consumer surplus?(1pt) Studio Follett Follett 3) If there is no tax in the market, how much is producer surplus?(1pt) Discover
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