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How much of the tax is paid by buyers? funit How much of the tax is paid by sellers? funit After the tax is imposed,
How much of the tax is paid by buyers? funit How much of the tax is paid by sellers? funit After the tax is imposed, how much is the consumer surplus? Consumer surplus: $ The tax caused consumer surplus toAfter the tax is imposed, how much is the producer surplus? N The tax caused producer surplus to 'What is the amount of government revenue from the tax? o [ What s the amount of the deadweight loss due o this fax? s [ ] Consider the following supply and demand diagram. In this market, the government imposes a tax of S/unit. Determine the location of the tax wedge in this diagram and answer the following questions. P Supply 40 32 24 16 Demand 8 0 400 800 1,200 1,600 2,000
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