The following equations represent the inverse supply and

Question

The remaining questions will be based on this scenario:

The following equations represent the inverse supply and demand functions in the market for Good A:

P_C = 80 - ½ Q_D

P_P = 14 + Q_S

where P_C and P_P are the prices paid by consumers and received by producers respectively. Q_D and Q_S are the quantities demanded and supplied.

Suppose the government imposes a tax of $6 per unit on producers of Good A. The new equilibrium quantity after this tax will be ______ units.

The following equations represent the inverse supply and demand functions in the market for Good A:

P_C = 80 - ½ Q_D

P_P = 14 + Q_S

where P_C and P_P are the prices paid by consumers and received by producers respectively. Q_D and Q_S are the quantities demanded and supplied.

Suppose the government imposes a tax of $6 per unit on producers of Good A. The price paid by consumers after the tax will be $ _____ per unit.

The following equations represent the inverse supply and demand functions in the market for Good A:

P_C = 80 - ½ Q_D

P_P = 14 + Q_S

where P_C and P_P are the prices paid by consumers and received by producers respectively. Q_D and Q_S are the quantities demanded and supplied, respectively.

Suppose the government imposes a tax of $6 per unit of Good A. After the tax, producers will receive $ _______ per unit.

The following equations represent the inverse supply and demand functions in the market for Good A:

P_C = 80 - ½ Q_D

P_P = 14 + Q_S

where P_C and P_P are the prices paid by consumers and received by producers respectively. Q_D and Q_S are the quantities demanded and supplied, respectively.

Suppose the government imposes a tax of $6 per unit on producers of Good A. The loss of consumer surplus due to the tax is $_____.