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Price $ Supply after tax Supply before 14 tax Demand 75 100 Quantity of Cigarettes

Price $ Supply (after tax) Supply (before 14 tax) Demand 75 100 Quantity of Cigarettes 33. In Figure above, the tax is being levied to the a. Seller b. Buyer c. Government d. No one curve shifts to the left after tax but curve is unchanged. 34. The a. Demand; supply b. Supply; demand c. Supply; supply d. Demand; demand 41 35. The amount of tax is a. $1 b. $3 c. $2 d. $4 36. The tax amount is paid by a. The seller b. The buyer c. Both seller and buyer d. No one 37. The consumer surplus before tax is $ a. 250 a. 600 b. 500 c. 300 38. The consumer surplus after tax is $ a. 300 b. 167.5 c. 178 d. 187.5 39. The tax revenue is $ a. 300 b. 250 c. 275 d. 400 40. After the tax the buyers pay $ a. 5; 5 b. 9; 9 c. 9; 5 and seller receives $ d. 5; 9 41. The deadweight loss after tax is $ a. 50 b. 75 c. 60 d. 35

Feb 01 2020 View more View Less

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