Figure: Supply and Demand with Tax on Suppliers

question 91

Essay

Figure: Supply and Demand with Tax on Suppliers
Using the graph shown, answer the following questions.
a. What was the equilibrium price in this market before the tax?
b. What is the amount of the tax?
c. How much of the tax will the buyers pay?
d. How much of the tax will the sellers pay?
e. How much will the buyer pay for the product after the tax is imposed?
f. How much will the seller receive after the tax is imposed?
g. As a result of the tax, what has happened to the level of market activity?

Understand the biological aspects of sexual behavior and attraction, including the role of oxytocin.

Recognize the importance of safe sex practices and the effectiveness of different contraception methods.

Understand the relationship between the supply of money, its value, and the price level.

Comprehend the effects of inflation on an economy and differentiate between high and moderate inflation.

---

Definitions:

Bohr Effect

Named for Danish physiologist Christian Bohr (1855–1911). Shift of the oxygen-hemoglobin dissociation curve to the right or left because of changes in blood pH. The definition sometimes is extended to include shifts caused by changes in blood carbon dioxide levels.

Oxygen-Hemoglobin Dissociation Curve

A graph showing the relationship between the oxygen saturation of hemoglobin and the partial pressure of oxygen in the blood.

pH

A scale used to specify the acidity or basicity of an aqueous solution, ranging from 0 to 14, where 7 is neutral.

Bicarbonate Ion

A crucial buffer ion (HCO3-) in the blood, responsible for maintaining the body's acid-base balance, it is also involved in transporting carbon dioxide out of tissues.