This preview shows page 1. Sign up to view the full content.
Unformatted text preview: b) What area(s) represent Consumer Surplus after the tax? _________ c) What area(s) represent Producer Surplus after the tax? _________ d) What area(s) represent the Deadweight Loss of the tax? _________ Quantity of Mangos Price per Mango Demand P - no tax P sellers (w/ tax) P buyers (w/ tax) A Q no tax B C F D E Q tax Supply Quantity of Bananas Price per Banana Demand $2.00 Q* Supply...
View Full Document
This note was uploaded on 03/11/2008 for the course EC 201 taught by Professor Brown during the Winter '07 term at Cal Poly Pomona.
- Winter '07