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Use the graph below to answer the next 5 questions: Price ($) Supply + Tax 20 Supply Demand 80 100 200 Quantity 6. Before tax,
Use the graph below to answer the next 5 questions: Price ($) Supply + Tax 20 Supply Demand 80 100 200 Quantity 6. Before tax, in free market equilibrium, consumer surplus will equal $ and producer surplus will equal $ ed 500; 500 320; 500 C. 500; 320 d. 320; 320 7. After tax, consumer surplus will equal $ and producer surplus will equal $ a. 500: 320 b. 500: 500 c. 320; 320 d. 320; 500 8. The price paid by consumers after tax will equal $ and the portion of this after-tax price that is kept by sellers is a. 10: 8 b. 8: 12 c. 20; 4 d. 12; 8 9. The tax generates tax revenue of $ a. 400 b. 320 C. 160 40 10. The tax generates a deadweight loss of $ a. 320 b. 500 07 CAP CB3 CC) ED 10 50: CB EVS CBS CVD 25 CAB EBa CCP 2 CA- CBS CCa 20 CAD EBB CC 35 CA3 0 CBS EVS ZC FOR EVO OC Ov DC LE
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