Question: I need help with parts b and d Problem 3. Taxation in the Market for Blue Jeans (a) True/False/Uncertain (explain): Levying a $10 excise tax

I need help with parts b and d

I need help with parts b and d Problem 3. Taxation in

Problem 3. Taxation in the Market for Blue Jeans (a) True/False/Uncertain (explain): Levying a $10 excise tax on jean producers vs. levying it on jean consumers would have different effects on CS, PS, and DWL. (1 point) Figure: The Market for Blue Jeans Price $55 a 50 b 45 40 35 100 200 300 Quantity (b) Using the graph above, what would be the equilibrium price paid by consumers (PC) for jeans if the government charges a $10 tax on producers. What would be the price received by producers (PP)? (1 point) (c) Add the $10 tax to the graph and mark the DWL, Government revenue, CS, and PS. [You can also just report which areas in the graph are equal to DWL, Government Revenue, CS, and PS based on the labelled sections.] (1 point) (d) Calculate the Government revenue, PS, CS, and DWL. (1 point)

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