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Price S + tax on sellers P34 e S P 2 C d P 1 b PO... a D . . . Qo Q 1
Price S + tax on sellers P34 e S P 2 C d P 1 b PO... a D . . . Qo Q 1 QuantityTo help pay for the cost of sport related injuries, the government imposes a tax on sellers of all sports equipment as the above figure shows. Before taxation, what is the original market equilibrium point? 0 (P2, 00) 0 (P0, 00) 0 (P1, Q1) 0 (P1, 00) To help pay for the cost of sport related injuries, the government imposes a tax on sellers of all sports equipment as the above figure shows. After taxation, what is the new market equilibrium point? C) (P1, 00) O (P1, Q1) 0 (P2, Q0) O (P0, 00) To help pay for the cost of sport related injuries, the government imposes a tax on sellers of all sports equipment as the above figure shows. What is the net price (after tax) per unit received by the producers? OPS 0P2 OP'l OPD To help pay for the cost of sport related injuries, the government imposes a tax on sellers of all sports equipment as the above figure shows. How much tax per unit has the government imposed? ch de Qab Qca To help pay for the cost of sport related injuries, the government imposes a tax on sellers of all sports equipment as the above figure shows. How much tax per unit has the government imposed on PRODUCERS? O cb O db ab caTo help pay for the cost of sport related injuries, the government imposes a tax on sellers of all sports equipment as the above figure shows. How much tax per unit has the government imposed on CONSUMERS? ch Odb Oab Qca To help pay for the cost of sport related injuries, the government imposes a tax on sellers of all sports equipment as the above figure shows. The sport equipment producers' share of this tax would be greater than shown in the above figure if Q the demand was more elastic. O the demand was more inelastic. O the supply was more elastic. 0 Both answers A and C are correct. To help pay for the cost of sport related injuries, the government imposes a tax on sellers of all sports equipment as the above figure shows. How much producer surplus is lost from this tax on sports equipment? O abd Q acd Q POP1ba Q POP1da To help pay for the cost of sport related injuries, the government imposes a tax on sellers of all sports equipment as the above figure shows. The area that equals the lost consumer surplus from this tax on sports equipment is 0 bed. 0 P1 P2cd. Q P2P3ec. Q ced. To help pay for the cost of sport related injuries, the government imposes a tax on sellers of all sports equipment as the above figure shows. How much deadweight loss results from this tax on sports equipment? cbd ced OOO abd acdTo help pay for the cost of sport related injuries, the government imposes a tax on sellers of all sports equipment as the above figure shows. How much governmental revenue results from this tax on sports equipment? 0 P1 P20d. Q POP1daa Q POP1da Q POP2ca To help pay for the cost of sport related injuries, the government imposes a tax on sellers of all sports equipment as the above figure shows. Compare the relationship between X=governmental revenue + deadweight loss, and Y: the lost consumer surplus + the lost producer surplus O X>Y ox QX=Y Q unable to compare
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