Using the Graph Shown,in Which the Vertical Distance Between Points

question 83

Essay

Using the graph shown,in which the vertical distance between points A and B represents the tax in the market,answer the following questions.
a.What was the equilibrium price and quantity 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?

---

Definitions:

Autonomy

The capacity or right of individuals to make their own decisions freely and independently.

Resiliency

The ability to recover quickly from difficulties; toughness.

HIPAA

The Health Insurance Portability and Accountability Act, a US law designed to provide privacy standards to protect patients' medical records and other health information.

Data Confidentiality

The practice of ensuring that sensitive information is accessible only to those authorized to view it.