A state tax on portable electronic devices causes sales of a single model of a handheld calculator to decrease from 80 to 70 per week. The tax is assessed as a tax on sellers when they receive the units from suppliers. Drag the appropriate curves (including the Quantity curve) to show the effects on the market. To refer to the graphing tutorial for this question type, please click here. Price ($) 100 100 Quant 140 130 120 110 100 00 80 70 00 00 40 30 20 10 ° Quantity (per week) 3 5 5 5 8 8 What tax revenue will the state collect from sales of this one model of calculator through the new tax? The tax revenue is $ per week.

A state tax on portable electronic devices causes sales of a single model of a handheld calculator to decrease from 80 to 70 per week. The tax is assessed as a tax on sellers when they receive the units from suppliers. Drag the appropriate curves (including the Quantity curve) to show the effects on the market. To refer to the graphing tutorial for this question type, please click here. Price ($) 100 100 Quant 140 130 120 110 100 00 80 70 00 00 40 30 20 10 ° Quantity (per week) 3 5 5 5 8 8 What tax revenue will the state collect from sales of this one model of calculator through the new tax? The tax revenue is $ per week.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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