Using the Graph Shown,answer the Following Questions

question 318

Essay

Using the graph shown,answer the following questions.
4.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?

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Definitions:

Infrastructure

The fundamental facilities and systems serving a country, city, or area, including transportation, communication, utilities, and public institutions, necessary for economic activity.

Technology

The application of scientific knowledge for practical purposes, especially in industry machinery, software, and devices.

Facilities

The buildings, equipment, and services provided for a particular purpose or activity.

Tool-Sharpening

A metaphorical expression referring to the process of refining or improving one's skills, abilities, or resources to enhance performance or efficiency.