Consider the demand curve for beer: Q= 120 –2P. If the supply curve for beer is P=12+Q and the government imposes a per-unit tax of $11 on producers of beer, the deadweight loss that results is equal to: [Round your answer to 2 decimal places when needed.]

Consider the market demand curve for beer: Q= 40 –2P. If the supply curve for beer is P=10 and the government impose a specific per-unit tax of $5 on producers of beer, the total revenue raised is equal to:[Round your answer to 2 decimal places when needed]

Consider a monopolist setting a single price to all consumer that faces a demand curve of P = 30 – q, where P is price and q is the quantity sold. The monopolist has a marginal cost curve of MC = q. The government implements a per-unit tax of $9 per unit, to be paid for by the monopolist. What is the resulting deadweight loss?Group of answer choices

Question 2 Let QD = 80 − 20P be the demand function for cigarettes and let QS =10P − 10 be the supply. Suppose the government introduces a specific tax of τ = 1 to belevied on the producers• Obtain the new supply curve.• Determine the equilbrium quantity and price under the tax.• Compute the government revenue.• Compute the incidence (burden) on the consumers.• Compute the incidence (burden) on the producers.• Compute the deadweight loss.• Draw a diagram with all your analysis.

The figure below shows supply and demand curves for milk. If the government passes a $2 per litre specific tax, the loss in consumer surplus will equalGroup of answer choicesb + c + f + g.f + g.b + f.c + g.

Let QD = 80 − 20P be the demand function for cigarettes and let QS =10P − 10 be the supply. Suppose the government introduces a specific tax of τ = 1 to belevied on the producers• Obtain the new supply curve