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The weekly supply and demand for fast-food cheeseburgers in your city are shown in the figure below.


The weekly supply and demand for fast-food cheeseburgers in your city are shown in the figure below. In an effort to curba lo a. The mayors proposal includes a sales tax of 60 cents on cheeseburgers, to be paid by consumers. Instruction: Use the tool References d. The government will collect in revenue. e. The loss of consumer surplus from this tax is The weekly supply and demand for fast-food cheeseburgers in your city are shown in the figure below. In an effort to curba looming budget deficit, the mayor recently proposed a tax that would be levied on sales at fast-food restaurants. Price (S) Tools $2.20 $2.00 S. $1.80 D2 $1.60 $1,40 $1.20 $1.00 S0.80 $0.60 $0.40 $0.20 C 10 20 3040 50 60 70 80 90 100110 Fast-food cheeseburgers (thousands) a. The mayor's proposal includes a sales tax of 60 cents on cheeseburgers, to be paid by consumers. Instruction: Use the tool provided (D2) to show this outcome on your graph. Plot only the endpoints such that the first endpoint touches the vertical axis and the second touches the horizontal axis Instructions: Round your answers to the nearest whole number The new outcome in this market is thousand cheeseburgers Instructions: Round your answers to the nearest cent. The new price is Instructions: Round your answers to the nearest whole number cents of the tax burden is borne by suppliers. b. cents of the tax burden is borne by consumers, and tax is with the proposed c. The deadweight loss associated References d. The government will collect in revenue. e. The loss of consumer surplus from this tax is

Apr 03 2020 Read more Less More

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