08 Jun Question I am completely stuck on these questions this
Question
I am completely stuck on these questions this is for a macroeconomics class
Tax Graph.
What is the equilibrium price paid by the buyer and received by the seller before the tax is imposed?
b. How many units are made and how many units are sold before the tax is imposed?
c. What is the amount of the tax?
d. After the tax is imposed, how much more will the buyer pay than the original equilibrium price?
e. After the tax is imposed, how much less will the seller receive than the original equilibrium price?
f. As a result of the tax, what has happened to the level of market activity?
The link to the graph Is here : https://drive.google.com/a/tesc.edu/file/d/0BydFgHvSVm4_NTBqZ0tpZWxEb0k/edit?usp=sharing
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