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Excise Tax Skills3124200190500The graph to the left shows the market for a good that is subject to a per-unit tax. The letters in the graph represent the enclosed areas.A. Using the labeling on the graph, identify each of the following. The equilibrium price and the quantity before the tax._______________________________________________The area representing the consumer surplus before the tax._______________________________________________The area representing the producer surplus before the tax. _________________________________________________B. Assume that the tax is now imposed. Based on the graph, does the price paid by the buyers rise by the full amount of the tax? Explain. _____________________________________________C. Using the labeling on the graph, identify each of the following after the imposition of the tax.The net price received by the sellers:__________________The amount of tax revenue:_________________________The area representing the consumer surplus:___________The area representing the deadweight loss:_____________0The graph to the left shows the market for a good that is subject to a per-unit tax. The letters in the graph represent the enclosed areas.A. Using the labeling on the graph, identify each of the following. The equilibrium price and the quantity before the tax._______________________________________________The area representing the consumer surplus before the tax._______________________________________________The area representing the producer surplus before the tax. _________________________________________________B. Assume that the tax is now imposed. Based on the graph, does the price paid by the buyers rise by the full amount of the tax? Explain. _____________________________________________C. Using the labeling on the graph, identify each of the following after the imposition of the tax.The net price received by the sellers:__________________The amount of tax revenue:_________________________The area representing the consumer surplus:___________The area representing the deadweight loss:_____________31051504781550The graph to the left shows the market for a good that is subject to a per-unit tax. The letters in the graph represent the enclosed areas.A. Using the labeling on the graph, identify each of the following. The equilibrium price and the quantity before the tax._______________________________________________The area representing the consumer surplus before the tax._______________________________________________The area representing the producer surplus before the tax. _________________________________________________B. Assume that the tax is now imposed. Based on the graph, does the price paid by the buyers rise by the full amount of the tax? Explain. _____________________________________________C. Using the labeling on the graph, identify each of the following after the imposition of the tax.The net price received by the sellers:__________________The amount of tax revenue:_________________________The area representing the consumer surplus:___________The area representing the deadweight loss:_____________The graph to the left shows the market for a good that is subject to a per-unit tax. The letters in the graph represent the enclosed areas.A. Using the labeling on the graph, identify each of the following. The equilibrium price and the quantity before the tax._______________________________________________The area representing the consumer surplus before the tax._______________________________________________The area representing the producer surplus before the tax. _________________________________________________B. Assume that the tax is now imposed. Based on the graph, does the price paid by the buyers rise by the full amount of the tax? Explain. _____________________________________________C. Using the labeling on the graph, identify each of the following after the imposition of the tax.The net price received by the sellers:__________________The amount of tax revenue:_________________________The area representing the consumer surplus:___________The area representing the deadweight loss:_____________left4857750030480002971800Consumers surplus before tax:________________Total expenditures before tax:________________Tax per unit:_______________________________Total tax revenue that goes to government:_______________________________Amount of tax paid by consumers:______________Amount of tax paid by producers:_______________Total expenditures after tax:____________________Total revenue for firms after tax:________________Consumers surplus after tax:___________________DWL:______________________________________0Consumers surplus before tax:________________Total expenditures before tax:________________Tax per unit:_______________________________Total tax revenue that goes to government:_______________________________Amount of tax paid by consumers:______________Amount of tax paid by producers:_______________Total expenditures after tax:____________________Total revenue for firms after tax:________________Consumers surplus after tax:___________________DWL:______________________________________307657557150Consumer surplus before tax:__________________Producer surplus before tax:___________________Consumer surplus after tax: ___________________Producers surplus after tax:____________________Tax revenue for government:___________________Deadweight loss assuming society wants quantity 2 produced:__________________________________Amount of tax revenue producers pay:_______________________________________0Consumer surplus before tax:__________________Producer surplus before tax:___________________Consumer surplus after tax: ___________________Producers surplus after tax:____________________Tax revenue for government:___________________Deadweight loss assuming society wants quantity 2 produced:__________________________________Amount of tax revenue producers pay:_______________________________________lefttop0 lefttop3048000180340Tax per unit:__________________________Total tax revenue:_____________________Tax paid by consumer:__________________Tax paid by producer:___________________Total spending:________________________Revenue for business:___________________00Tax per unit:__________________________Total tax revenue:_____________________Tax paid by consumer:__________________Tax paid by producer:___________________Total spending:________________________Revenue for business:___________________ ................
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