Assignmentstore is an one stop solution for all your assignment needs with 100% unique solutions from high qualified Instructors.

Get HelpNow





Tax revenue and dead weight loss

Name :

  1. Use the following graph for the market for trinkets to answer the questions :

1 . 1 Looking at the graph , which is more elastic : supply or demand ? How do you know ?

1 . 2 Suppose a $ 2 . 50 is imposed on the buyers in this market . Draw the new demand curve ( that determines the new quantity ) on the graph above , and show where the consumer surplus , producer surplus , tax revenue and dead weight loss is .

1 . 3 What is the new quantity of trinkets sold ? At what price to buyers pay ? What price do sellers recieve ?

1 . 4 Calculate the tax revenue and the dead weight loss ( hint : the area of a rectangle is base times height . the area of a triangle is 1/2 times height ) .

For access towards the solution of the above assignment email : help@assignmentstore.com or chat with us live

Express Your Reaction
Like
Love
Haha
Wow
Sad
Angry
You have reacted on"Tax revenue and dead weight loss" A few seconds ago
0 Shares
Share via
Copy link
Powered by Social Snap