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Author Question: The figure above illustrates the market for antifreeze. Suppose the government decides to impose an ... (Read 57 times)

JGIBBSON

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on: May 24, 2019


The figure above illustrates the market for antifreeze. Suppose the government decides to impose an $8 sales tax on every gallon of antifreeze sold.
a.   In the figure, illustrate the effect the tax has on the market for antifreeze.
b.   What is the equilibrium price of a gallon of antifreeze before the tax? What is the price paid by buyers after the tax?
c.   What is the equilibrium quantity of antifreeze before the tax? What is the equilibrium quantity after the tax?
d.   What is the revenue collected by the government from this tax?
e.   Do buyers or sellers bear the largest burden of the tax?
f.   Illustrate the deadweight loss created by the tax.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by JGIBBSON on May 24, 2019

bpool94

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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JGIBBSON

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Reply 2 on: May 24, 2019
YES! Correct, THANKS for helping me on my review

JaynaD87

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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