Answer the following questions with respect to the figure below Pie 2015 18+ 16 Supply 14+ 10 Demand 100 100 100 100 100 GOD TO 100 900 100 Ons a) What is the amount of tax in this graph? (0

Economics Dec 15, 2020

Answer the following questions with respect to the figure below Pie 2015 18+ 16 Supply 14+ 10 Demand 100 100 100 100 100 GOD TO 100 900 100 Ons a) What is the amount of tax in this graph? (0.5 point) b) What is price the buyers pay and price sellers receive after the tax in place? (1 point) c) What is the amount of tax revenue (0.5 point) d) What is the amount of deadweight loss because of the tax? (1 point) c) Calculate producer surplus without a tax is in place point) +) Calculate producer surplus with the tax (1 point) MacBook Air

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