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For the $10 tax on wine, with the market and firm in the new equilibrium, what is the deadweight loss to society in consumer and
For the $10 tax on wine, with the market and firm in the new equilibrium, what is the deadweight loss to society in consumer and producer surplus due to the tax? First picture is before tax, second one is after tax.
SUPPLY DEMAND . . q 0 : : : : Q 80 100 0 20000 40000 00000 80000100000 Price $38.49 Income $55,000 Q{D) 25,395 Tax per unit $0.00 0181 25,395 Q{D)Q(S) 0 Questions No. of rms 500 Go to answer sheet | Reset to baseline l A B C D E F G H 12 $/q $/Q 13 60 60 14 50 50 15 6 40 40 7 30 30 8 20 MC 20 SUPPLY 9 20 10 AC 10 DEMAND 21 0 0 22 0 20 40 60 80 100 0 20000 40000 60000 80000 100000 Q 23 4 FIRM DATA MARKET DATA POLICY VARIABLES 25 Output 39.98 Price $42.01 Income $55,000 26 AC $36.26 Q(D) 19,991 Tax per unit $10.00 27 MC $42.01 Q(S 19,991 8 MR-MC $0.00 Q(D)-Q(S) 0 Questions 29 MC-AC $5.75 No. of firms 500 80 81 Print Go to answer sheet Reset to baseline 82 33Step by Step Solution
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