P0 =R200;Ps =R160;Pm =R300;Q1 =2800;Q0 =3200 Calculate supplier’s revenue before tax Calculate the supplier’s revenue after tax Calculate the total tax revenue collected by the government Calculate...


P0 =R200;Ps =R160;Pm =R300;Q1 =2800;Q0 =3200







  1. Calculate supplier’s revenue before tax




  2.   Calculate the supplier’s revenue after tax




  3.  Calculate the total tax revenue collected by the government




  4. Calculate the total tax paid by the consumers









    1. Calculate the total tax paid by the suppliers




    2.  Calculate the total loss in consumer’s surplus




    3.   Calculate the excess burden created by the tax













Jun 08, 2022
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