Use the grey point (star symbol) to indicate the competitive market equilibrum. Then use the green
point (triangle symbol) to shade the area that represents consumer surplus in this market. Next
use the purple point (diamond symbol) to shade the area that represents producer surplus. finally,
use the black point (plus symbol) to indicate the deadweight loss in this market. (Hint: If the value
for any of these graphical objects is zero, leave that element on the palette.)Suppase that the
government imposes a tax on pirrerias of 11 per pirza sold. On the following gragh, use the arey
segment (star symbols) to show the tax wedoe that forms at the mes guasbty asid because of the
fax. Then iseOn the following graph, use the grey segment (star symbols) to show the tax wedge
that forms at the new guantiry sold becatre of the tax Jhen use the tan polyoon (dash symbols) to
indicate the tax revenue generated by this tax. Then use the green point (triangle symbol) to
shade the area that represents consumer sumplus, and the purple point (diamond symbol) to
shade the area that represents producer surplus. Finally, use the black pomt (olus symbol) to
indicate the deodweight loss in this market. (Hint: If the value for any of these graphical objects is
zere, lorve that element on the palette.]Indicate whecher each of the arews listed in the following
table increased, decreased, or remained the same as a result of the tax. It the tax were removed,
pima eaters and sellers would be better off, but the government would lose tax revenue. Suppose
that consumers and producers voluntarily transferred some of their gains to the government. True
or False: All parties (including the government) could be made better off with this transfer than
they were with a tax. True False.
Use the grey point star symbol to indicate the competitive.pdf
1. Use the grey point (star symbol) to indicate the competitive market equilibrum. Then use the green
point (triangle symbol) to shade the area that represents consumer surplus in this market. Next
use the purple point (diamond symbol) to shade the area that represents producer surplus. finally,
use the black point (plus symbol) to indicate the deadweight loss in this market. (Hint: If the value
for any of these graphical objects is zero, leave that element on the palette.)Suppase that the
government imposes a tax on pirrerias of 11 per pirza sold. On the following gragh, use the arey
segment (star symbols) to show the tax wedoe that forms at the mes guasbty asid because of the
fax. Then iseOn the following graph, use the grey segment (star symbols) to show the tax wedge
that forms at the new guantiry sold becatre of the tax Jhen use the tan polyoon (dash symbols) to
indicate the tax revenue generated by this tax. Then use the green point (triangle symbol) to
shade the area that represents consumer sumplus, and the purple point (diamond symbol) to
shade the area that represents producer surplus. Finally, use the black pomt (olus symbol) to
indicate the deodweight loss in this market. (Hint: If the value for any of these graphical objects is
zere, lorve that element on the palette.]Indicate whecher each of the arews listed in the following
table increased, decreased, or remained the same as a result of the tax. It the tax were removed,
pima eaters and sellers would be better off, but the government would lose tax revenue. Suppose
that consumers and producers voluntarily transferred some of their gains to the government. True
or False: All parties (including the government) could be made better off with this transfer than
they were with a tax. True False
![Use the grey point (star symbol) to indicate the competitive market equilibrum. Then use the green
point (triangle symbol) to shade the area that represents consumer surplus in this market. Next
use the purple point (diamond symbol) to shade the area that represents producer surplus. finally,
use the black point (plus symbol) to indicate the deadweight loss in this market. (Hint: If the value
for any of these graphical objects is zero, leave that element on the palette.)Suppase that the
government imposes a tax on pirrerias of 11 per pirza sold. On the following gragh, use the arey
segment (star symbols) to show the tax wedoe that forms at the mes guasbty asid because of the
fax. Then iseOn the following graph, use the grey segment (star symbols) to show the tax wedge
that forms at the new guantiry sold becatre of the tax Jhen use the tan polyoon (dash symbols) to
indicate the tax revenue generated by this tax. Then use the green point (triangle symbol) to
shade the area that represents consumer sumplus, and the purple point (diamond symbol) to
shade the area that represents producer surplus. Finally, use the black pomt (olus symbol) to
indicate the deodweight loss in this market. (Hint: If the value for any of these graphical objects is
zere, lorve that element on the palette.]Indicate whecher each of the arews listed in the following
table increased, decreased, or remained the same as a result of the tax. It the tax were removed,
pima eaters and sellers would be better off, but the government would lose tax revenue. Suppose
that consumers and producers voluntarily transferred some of their gains to the government. True
or False: All parties (including the government) could be made better off with this transfer than
they were with a tax. True False](https://image.slidesharecdn.com/usethegreypointstarsymboltoindicatethecompetitive-230321185100-5ab3a438/85/Use-the-grey-point-star-symbol-to-indicate-the-competitive-pdf-1-320.jpg)
