Using the Graph Shown Below,answer the Following Questions

question 199

Essay

Using the graph shown below,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

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Definitions:

Treasury Bond

A long-term, interest-bearing security issued by the government, with a maturity period typically longer than ten years.

Xerox

A corporation known primarily for its photocopying products and technology, though it has diversified into digital printing and document solutions.

Exxon

A multinational oil and gas corporation headquartered in the United States, known for its significant role in the global energy sector.

Coupon Bond

A type of bond that pays the holder a regular interest rate (or coupon) in addition to the principal amount at maturity.