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Question 12 {1.25 points) P (dollars) Q (units) 108 120 ConSI'der the following market. If the government imposes a tax of $181unl't, then tax revenue
Question 12 {1.25 points) P (dollars) Q (units) 108 120 ConSI'der the following market. If the government imposes a tax of $181unl't, then tax revenue will be -:::::::- $1.890 -:::::::- $2.160 -:::::::- $3.220 ("j None of the above Question 13 {1.25 points) P (dollars) Q (units) 108 120 If the government imposes a tax of $18/unit. then the consumer tax incidence is greater than the producer tax incidence. (\")TRUE '}FAL5E Question 14 {1.25 points) P (dollars) Q {1min} 103 120 If the government imposes a tax of $18funit. then deadweight loss will be _____ . :3: $108 :3: $216 .__ :3. None of the above Question 6 {1.25 points) P (dollals) Pl? Q (units) Qt! Consider the following market in which the government has imposed a price floor of PF. Which of the following statements best characterize area B? if :3 Area 3 represents a transfer of surplus from producers to the government. .j: in Area 3 represents a transfer of surplus from producers to consumers. .j: in Area 3 represents a transfer of surplus from consumers to the government. .j" "3 Area B represents a transfer of surplus from consumers to producers. Question 7 {1.25 points} P (dollars) PF Pi! Q [units] Q?! As a result of the price floor, producers lose _____ . but gain _____ . area F'. area B .3: 'Zj. areas E and F; area B .3: 'Zj. area F'. areas B and E r: 'i;. nothing; area B Question 3 {1.25 points) P (dollals) Pr P4 Q (units) Qt! As a result of the price oor. consumers lose _____ . but gain _____ . areas B and E: area C .3: Z} area B; area C i: Z} areas B and E: nothing .3: Z} area B; nothing
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