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Tax Burden: Tax Revenue - Buyers' and Sellers' Shares (alga) Refer to the interactive below: Tax Burden III GRAPH Tax imposed on: Sup-ply Excise Tax

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Tax Burden: Tax Revenue - Buyers' and Sellers' Shares (alga) Refer to the interactive below: Tax Burden III GRAPH Tax imposed on: Sup-ply Excise Tax (0 - $20) Relatively Elastic 90 80 7'0 60 50 40 30 3.0 4.0 5.0 6.0 7.0 3.0 9 0 Quantity (thousands per week) r1: ax - Ill Instructions: Adjust the sliders so that the vertical intercept of the supply curve is $32.00 and the vertical intercept is $'l3.00 for the demand curve. Represent a $11.00 tax that is paid by sellers. Click the Ta): Burden switch above the graph to show areas that represent some of the effects on consumer and producer surplus. Report all answers as positive values to M0 decimal places. a] How much revenue does the government earn from this tax? $ |:| b) HowI much of the government's revenue would have been consumer surplus had there not been a tax? 3; El c} How much of the government's revenue would have been producer surplus had there not been a tax? $ |:|

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