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S+Tax S $1.30 $1.25 50.80 $0.75 10,000 15,000 17Based on the graph shown above, how much is the size of the tax? a. $1.00 b.
S+Tax S $1.30 $1.25 50.80 $0.75 10,000 15,000 17Based on the graph shown above, how much is the size of the tax? a. $1.00 b. $0.80 c. $0.50 d. $0.45 e. None of the above21 What is the loss in consumer surplus due to the tax? a. $4.500 b. $1,125 c. $6,125 d. $5,625 e. None of the above 22 By how much does producer surplus decrease by as a result of the tax? a. $500 b. $625 c. $125 d. $2,500 e. None of the above 23 How much deadweight loss is created by the application of the tax? a. $2,500 b. $1,250 c. $7,500 d. $1,125 e. None of the above18 What portion of the tax is paid by the consumer? a. 33% b. 66% c. 90% d. 22.3% c. None of the above 19 What portion of the tax is paid for by the producer? i. 33% Econ 101 Payon 16 b. 10% c. 90% d. 22.3% c. None of the above 20 What is the total tax revenue collected by the government? a. $1,000 b. $2.000 C. $3.000 d. $4,000 e. $5,000Hybrid cars Motorcycles A. The economy will move from point C to Point F B. The economy will move from point B to Point D C. The economy will move from point B to point F D. The economy will move from point D to point B E. The economy will move from point D to point C Use the graph below to answer the next 7 questions
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