The following graph represents the demand and supply for an imaginary good called a pinckney. The black point (plus symbol) indicates the pre-tax equilibrium. Suppose the government has just decided to impose a tax on this market; the grey points (star symbol) indicate the after-tax scenario..
Complete the following table, given the information presented on the graph.
Result
|
Value
|
Per-unit tax
|
$
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Price consumers pay after tax
|
$
|
Equilibrium quantity after tax
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$
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In the following table, indicate which of the previous graph’s areas corresponds to each concept. Check all that apply.
Concept
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A
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B
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C
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D
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E
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F
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Producer surplus after the tax is imposed
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|
|
|
|
|
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Consumer surplus after the tax is imposed
|
|
|
|
|
|
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Deadweight loss after the tax is imposed
|
|
|
|
|
|
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