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hi, can you please solve these questions for me. Thanks! 9. In figure I, the automobile market demand (D) and supply (5) curves are drawn.

hi, can you please solve these questions for me. Thanks!

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9. In figure I, the automobile market demand (D) and supply (5) curves are drawn. If the government introduces a tax of $10,000 per automobile, the tax incidence would be: a. Consumers pay 100%% of the tax b. Producers pay 1001% of the tax e. Consumers pay 501% of the tax while d. producers pay 50%% of the tax. Consumers pay 75% of the tax while producers pay 25% of the tax. Producers pay 75% of the tax while consumers pay 25% of the tax. 10. In figure I, the automobile market demand (D) and supply (5) curves are drawn. Suppose that the government eliminates all domestic taxes and opens the market to international trade. If the economy is a small open economy and the world price is P= $15,000, then there will be: a. 4,000 automobiles imported b. 8,000 automobiles imported. c. 4,000 automobiles exported. d. 8,000 automobiles exported. No trade. 11. In figure 1, the automobile market demand (D) and supply (S) curves are drawn. Suppose that the government eliminates all domestic taxes and opens the market to international trade and the world price is P - $15,000. If the government introduces a tariff of $5,000 per automobile there will be: a. No trade. b. 4,000 automobiles imported. c. 8,000 automobiles imported. d. 4,000 automobiles exported. e. 8,000 automobiles exported. 12. In figure 1, the automobile market demand (D) and supply (S) curves are drawn. Suppose that the government eliminates all domestic taxes and opens the market to international trade and the world price is P = $15,000. If the government introduces a tariff of $5,000 per automobile the government will collect tariff revenue of: a. $0.00. b. $5,000. c. $5,000,000 d. $20,000,000. e. $50,000,000 13. In figure 1, automobile D and S are drawn. There are no domestic taxes and the international world price is P = $15,000. A tariff of $5,000 per automobile the government will create a DWL of: a. $5,000,000. b. $10,000,000. C. $15,000,000 d. $20,000,000. e. $50,000,000Equations: 1 = AP/AT = (nte) Incidence of a tax: Price Elasticity of Demand: E = (AQ /AP)(P/Q) Price Elasticity of Supply n = (4Q /AP)(P/Q) Dead Weight Loss : DWL = WT.AQ = % T(QoPo) (En(THE) AQ = T(Q /Po) (En/(n#|ED)) P (S) Figure 1 45,000 40.000 S 35,000 30,000 25.000 20,000 15,000 10.000 5.000 2 4 6 8 10 12 14 16 18 20 22 24 26 Q (Thousands of Automobiles)

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