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The following graph represents the demand and supply for blinkies (an imaginary product). The black point (plus symbol) indicates the pre-tax equilibrium. Suppose the government
The following graph represents the demand and supply for blinkies (an imaginary product). The black point (plus symbol) indicates the pre-tax equilibrium. Suppose the government has just decided to impose a tax on this market; the grey points (star symbol) indicate the after-tax scenario. Demand Supply A 56.00 44.00 PRICE (Dollars per blinkie) 32.00 F QUANTITY (Blinkies)QUANTITY (Blinkies) Complete the following table, given the information presented on the graph. Result Value Price producers receive before tax Per-unit tax Equilibrium quantity after tax In the following table, indicate which areas on the previous graph correspond to each concept. Check all that apply. Concept A B C D E F Deadweight loss after the tax is imposed O O O O Producer surplus after the tax is imposed O 0 O 0 O Consumer surplus after the tax is imposed 0 0 0 0 0 0
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