Please Help Me With These Questions As Soon As Possible Tha

Please Help Me With These Questions #.# As Soon As Possible, Thank you!

Solution

Q.1

a)The equillibrium quantity wiil fall 14 pairs to 9 pairs=(5pairs)

b) Prevailling price including tax is=$ 4;50

c) deadweight loss will be =14X $3.50- 9X $ 4;50 = $ 8;50

d)Government Revenue through tax= $ 1;00 per pair , Total pair sell =9 ($1X 9=$9)

e) if govt will increase tax$ 3 per pair.dead weight loss will be=$ 36

f) if govt will increase Tax $ 5 per pair dead weight loss will be $49 ( 100 %)

Q3.

a)If Govt impose tax $ 80 on each jump, the govt revenue will be Zero

b)if govt imposing tax $40 each jump, govt revenue will be $ 800000.

c) if govt imposing tax $ 120each jump ,Govt revenue will be Zero.

d) the setting of too high tax rate can reduce tax revenue.

other images are not clear.