The graph shows the demand curve for coal. The government imposes a tax on coal and the buyer pays the entire tax. Draw the supply curve of coal. Label it S. Draw a second supply curve that shows the effect of the tax. Label it S + tax.
The graph shows the demand curve for coal. The government imposes a tax on coal and the buyer pays the entire tax. Draw the supply curve of coal. Label it S. Draw a second supply curve that shows the effect of the tax. Label it S + tax.
Principles of Macroeconomics (MindTap Course List)
7th Edition
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Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter7: Consumers, Producers, And The Efficiency Of Markets
Section: Chapter Questions
Problem 7PA
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Question
Help please
Graph plz
3
5
![K
%
5
The graph shows the demand curve for coal.
The government imposes a tax on coal and the buyer pays the entire
tax.
g
Draw the supply curve of coal. Label it S.
Draw a second supply curve that shows the effect of the tax. Label it S +
tax.
t
The more
the supply of coal,
ⒸA. elastic; the larger is the amount of the tax paid by the buyer
O B. elastic; the more equally is the split of the tax between the
buyer and the seller
OC. inelastic; the larger is the amount of the tax paid by the buyer
OD. elastic; the larger is the amount of the tax paid by the seller
6
Oll
y
(...)
h
Selected:
none
&
7
U
O
Ĵ
*
8
k
61
9
60-
O
50-
40-
30-
20-
10-
0
Price (dollars per ton)
20
40 60
80
100
Quantity (thousands of tons per year)
>>> Draw only the objects specified in the question.
Delete Clear ?
4
)
0
р
D
➜
120
18
Next
Q
Q
US
10](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd2547ff8-8eb7-4297-87c8-f80c22de6ad1%2F2abf6ff5-fa97-426e-ac61-ab4ca9915d4d%2F4zx2xu_processed.jpeg&w=3840&q=75)
Transcribed Image Text:K
%
5
The graph shows the demand curve for coal.
The government imposes a tax on coal and the buyer pays the entire
tax.
g
Draw the supply curve of coal. Label it S.
Draw a second supply curve that shows the effect of the tax. Label it S +
tax.
t
The more
the supply of coal,
ⒸA. elastic; the larger is the amount of the tax paid by the buyer
O B. elastic; the more equally is the split of the tax between the
buyer and the seller
OC. inelastic; the larger is the amount of the tax paid by the buyer
OD. elastic; the larger is the amount of the tax paid by the seller
6
Oll
y
(...)
h
Selected:
none
&
7
U
O
Ĵ
*
8
k
61
9
60-
O
50-
40-
30-
20-
10-
0
Price (dollars per ton)
20
40 60
80
100
Quantity (thousands of tons per year)
>>> Draw only the objects specified in the question.
Delete Clear ?
4
)
0
р
D
➜
120
18
Next
Q
Q
US
10
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