Suppose the Stamp Tax of 1765 imposed a new $0.50 tax per pack of playing cards. By itself, this tax would have caused the after-tax price that sellers received for cards to not change. buyers paid for cards to rise by $0.50 per pack. All of the above. None of the above.
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Suppose the Stamp Tax of 1765 imposed a new $0.50 tax per pack of playing cards.
By itself, this tax would have caused the after-tax price that
sellers received for cards to not change.
buyers paid for cards to rise by $0.50 per pack.
All of the above.
None of the above.
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- Assume the state of Alaska placed a tax on playing cards of 7 cents per pack. If the state generated $42630 in revenue, how many packs of cards were sold?If a $6 per unit excise (sales) tax is imposed, who will suffer the greater burden of this tax, the suppliers or demanders? a) Demanders b) Suppliers c) Both share the burden equally d) Can't tell from the available informationQuestion 31 Refer to Figure 2-1 and continue with the scenario of adding a $6 per unit tax. How much will SELLERS receive per unit after the tax is imposed (i.e., what is the sellers' price)? (enter number only, no $)
- Refer to Figure 8-2. The per-unit burden of the tax on sellers is a) $3. b) $9 c)2 d)$8The demand and supply equations for a product are: Qd = 300 - 6P and Qs = -40 + 6P. Determine the market equilibrium and draw graphs. Suppose that the government decides to impose a flat tax of 10% on each unit sold. Show that the price that consumer pay would be the same if the government imposed a tax of Rs. 1.70 per unit sold. Draw graphs and explain. Also calculate the total revenue earned by sellers before and after the tax, the tax revenue raised by the government, changes in consumer and producers surplus and dead weight loss.Suppose an economist estimates the price elasticity of demand for sugary drinks is -4.2, while its price elasticity of supply is 1.2. If the government decides to impose a per-unit tax of $9 per can of sugary drinks sold, how would the market price of sugary drinks be affected? Show your calculation
- Given: Qd = 240 - 5P Qs = P Where Qd is the quantity demanded, Qs is the quantity supplied and P is the price. Suppose the government decides to impose a tax of $12 per unit on sellers in this market. Determine: A) The buyer's price after tax B) The seller's price after tax C) The quantity after taxDo you think profit could be maintained if the tax burden were simply passed on to the consumers in the form of higher selling price? How will this affect sales? Explain.Question 32 Refer to Figure 2-1 and continue with the scenario of adding a $6 per unit tax. How much will BUYERS receive per unit after the tax is imposed (i.e., what is the buyers' price)? (enter number only, no $)
- The demand and supply equations for a product are: Qd= 300 — 6P and Qs= -40 + 6P. Determine the market equilibrium and draw graphs. Suppose that the government decides to impose a flat tax of 10% on each unit sold. Show that the price that consumers pay would be the same if the government imposed a tax of Rs. 1.70 per unit sold. Draw graphs and explain. Also calculate the total revenue earned by sellers before and after the tax, the tax revenue raised by the government, changes in consumer and producers surplus, and deadweight lossA tax on the sellers of coffee will increase the price of coffee paid by buyers,The following graph represents the demand and supply for blinkies (an imaginary product). The black point (plus symbol) indicates the pre-tax equilibrium. Suppose the government has just decided to impose a tax on this market; the grey points (star symbol) indicate the after-tax scenario. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure.
