The following graph represents the demand and supply for an imaginary good called a Pinckney. The black point (plus symbol) indicates the pre-tax equilibrium.
Suppose the government has just decided to impose a tax on this market; the grey points (star symbol) indicate the after-tax scenario.

Complete the following table, given the information presented on the graph.
Result Value
Per-unit tax rate.........................................................______
Equilibrium quantity before tax................................______
Price consumers pay after tax ...................................______
In the following table, indicate which of the previous graphs areas corresponds to each concept. Check all that apply.

Transcribed Image Text:

Demand Supply 28.00 в с B 20.00 12.00 QUANTITY (Pinckneys) PRICE (Dollars per pinckney) Concept A B D E Consumer surplus after the tax is imposed Producer surplus before the tax is imposed Tax revenue after the tax is imposed