- Use The Graph Below To Answer The Next Two Questions P Pb 100 Pb 80 P 75 0 R P 60 1500 1875 S Mc D Mv 1 3 Pts 1 (87.9 KiB) Viewed 11 times
Use the graph below to answer the next two questions: P PB-100 PB-80 P₁=75 $=0 R -P=60 1500 1875 S₁=MC D₁=MV 1. (3 pts.)
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Use the graph below to answer the next two questions: P PB-100 PB-80 P₁=75 $=0 R -P=60 1500 1875 S₁=MC D₁=MV 1. (3 pts.)
Use the graph below to answer the next two questions: P PB-100 PB-80 P₁=75 $=0 R -P=60 1500 1875 S₁=MC D₁=MV 1. (3 pts.) Consider the equilibrium after the government imposes a tax on this market. What is the consumer surplus, producer surplus, total surplus, size of the tax, and the total tax revenue collected by the government? 2. (1 pts.) What is the deadweight loss resulting from the tax?