Question: Instructions: Set demand relatively inelastic such that the x intercept of the demand curve is 6 ( this corresponds to a vertical intercept of 1

Instructions: Set demand relatively inelastic such that the x intercept of the demand curve is 6(this corresponds to a vertical intercept of 150), supply relatively elastic such that the vertical intercept is $10, and impose a $9 excise tax on buyers. Use the Surplus Areas switch above the graph as needed.
a. With this tax, what is the total amount buyers pay for each unit? $
(Report your answer to two decimal places)
b. With this tax, what is the equilibrium quantity? units
(Report your answer as a whole number)
c. What is the amount of the consumer surplus? $
(Round your answer to a whole number)
d. What is the amount of the producer surplus? $
(Round your answer to a whole number)
e. How much consumer and producer surplus is transferred to the government as tax revenue? $
(Round your answer to a whole number)
f. What is the total amount of economic surplus? $
(Round your answer to a whole number)
g. What is the amount of the deadweight loss? $
(Report your answer as a whole number)
Instructions: Set demand relatively inelastic

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