Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
whatsupgirl16 whatsupgirl16
wrote...
Go to Answer
Posts: 425
Rep: 12 0
5 years ago Edited: 5 years ago, bio_man

Question 1.

Using a supply and demand graph, illustrate the effect of the addition of a $10.00 per-unit unit tax on digital cameras, where the entire tax burden falls on the seller. Assume the equilibrium price before the tax is $125 and the equilibrium quantity is 50,000. What happens to the price and quantity after the tax is implemented?

Question 2.

Figure 4-11




Refer to Figure 4-11. The figure above illustrates the markets for two goods, Good X and Good Y. Suppose an identical dollar tax is imposed on sellers in each market.
a.Compare the consumer burden and producer burden in each market. Illustrate your answer
graphically.
b.If the goal of the government is to raise revenue with minimum impact to quantity consumed,
in which market should the tax be imposed?
c.If the goal of the government is to discourage consumption, in which market should the tax be
imposed?
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
Read 54 times
2 Replies
Replies
Answer verified by a subject expert
Mtoney9Mtoney9
wrote...
#1
Posts: 384
Rep: 60 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

whatsupgirl16 Author
wrote...
#2
5 years ago
You make an excellent tutor!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1407 People Browsing
 122 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 979
  
 968
  
 1898
Your Opinion
Where do you get your textbooks?
Votes: 372
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?