The economy begins at a perfectly competitive equilibrium when the government introduces a per-unit tax. p 1.48 1.35 1.12 Cl (measured in thousands) Round to the nearest integer. Your answers should include only numbers. Do not include any letters or symbols {$, comma. '96). Don't forget to convert your answer to the units appropriate to this problem. Using the numbers provided to you in the diagram, you conclude that consumers' tax incidence is % of the tax. while producers' tax incidence is % of the tax. The government generates $ in tax revenues. Consider the following market for a good that is initially produced and sold in a perfectly competitive market. Price Supply B PPC Pceiling F Demand Qceiling Qpc Quantity Select all that apply. For example, if you believe the change to consumer surplus is characterized by (+ D - E), you must select two boxes: the one for "+D" and another box for "- E". When the government imposes a price celing, the change in consumer surplus is: O +E O - D O +B O -C O + C O + A O - A O -B O -E O +DConsider the following market for a good that is initially produced and sold in a perfectly competitive market. Price Supply: Plnlwl ,SUDDIVI F'pcr ........ Demand Quantity Select all that apply. For example, if you believe the change to producer surplus is characterized by {+ D - E). you must select two boxes: the one for "+0" and another box for \"-E". When the government imposes a tax, the change in producer surplus is: +C +B +F +D +E +A