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Homework 4 (Chapter 5 & 6) i Saved Help Save & Exit Submit Price $6.00 Tools 12 CS $5.50 S2 $5.00 .. $4.50 $4.00 PS
Homework 4 (Chapter 5 & 6) i Saved Help Save & Exit Submit Price $6.00 Tools 12 CS $5.50 S2 $5.00 .. $4.50 $4.00 PS DWL 0.9 S points $3.50 $3.00 $2.50 Tax revenue After-tax Pc $2.00 Print $1.50 $1.00 After-tax Ps n $0.50 References D 100 170 120 Quantity (millions) b. Plot the after-tax price paid by consumers and the after-tax price received by sellers. Instructions: Use the tools provided 'After-tax Pc' to plot the after-tax price paid by consumers and 'After-tax Ps' to plot the after-tax price received by sellers. c. Draw consumer surplus, producer surplus, tax revenue, and deadweight loss after the tax. Instructions: Use the tools provided to draw consumer surplus 'CS, producer surplus 'PS,' tax revenue 'Tax revenue,' and deadweight loss 'DWL.' Drag the points to move and resize. d. Deadweight loss is: $ million. e. Total surplus is: $ million. Mc Graw Hillb. Plot the after-tax price paid by consumers and the after-tax price received by sellers. Instructions: Use the tools provided 'After-tax Pc' to plot the after-tax price paid by consumers and 'After-tax Ps' to plot the after-tax price received by sellers. c. Draw consumer surplus, producer surplus, tax revenue, and deadweight loss after the tax. Instructions: Use the tools provided to draw consumer surplus 'CS,' producer surplus 'PS,' tax revenue 'Tax revenue,' and deadweight loss 'DWL.' Drag the points to move and resize. d. Deadweight loss is: $ million. e. Total surplus is: $ million
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