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To Attempts Keep the Highest/2 1. Understanding the implications of taxes on welfare S 25 The following graph represents the demand and supply for pinckneys

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To Attempts Keep the Highest/2 1. Understanding the implications of taxes on welfare S 25 The following graph represents the demand and supply for pinckneys 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 . (2 Duw 35 Ro 89 QUANTITY Complete the following table, given the information presented on the graph Result Value Per-unit tax Price producers receive before tax Equilibrium quantity after tax In the following table, indicate which areas on the previous graph correspond to each concept. Check all that apply A B D F Concept Tax revenue after the tax is imposed Consumer surplus after the tax is imposed Product surplus after the tax is imposed Grade It Now Save & Continue Continue wimo saving

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