Question : 21) The above figure shows the market for gourmet ice : 1239177

21) The above figure shows the market for gourmet ice cream. In effort to reduce obesity, government places a $2 tax per gallon on suppliers in this market, shifting the supply curve from S0 to S1. The total tax revenue is equal to

A) $400,000.

B) $800,000.

C) $500,000.

D) $200,000.

E) More information is needed to determine the total tax revenue.

22) The above figure shows the market for gourmet ice cream. In effort to reduce obesity, government places a $2 tax per gallon on suppliers in this market, shifting the supply curve from S0 to S1. The tax incidence is

A) split equally between consumers and producers, each paying $1 per gallon.

B) split equally between consumers and producers, each paying $2 per gallon.

C) such that consumers pay $2 per gallon and producers pay $1 per gallon.

D) such that consumers pay $1 per gallon and producers pay $2 per gallon.

E) such that producers pay all of the tax.

23) The above figure shows the market for buckets of golf balls at the driving range. A new leisure time tax is placed on suppliers in this market, shifting the supply curve from S0 to S1. The amount of this tax is ________ per bucket of golf balls.

A) $4

B) $2

C) $2.50

D) $1

E) $3

24) The above figure shows the market for buckets of golf balls at the driving range. A new leisure time tax is placed on suppliers in this market, shifting the supply curve from S0 to S1. The tax incidence is

A) split equally between buyers and sellers, each paying $1 per bucket.

B) split equally between buyers and sellers, each paying $2 per bucket.

C) such that buyers pay $2 per bucket and sellers pay $1 per bucket.

D) such that buyers pay $1 per bucket and sellers pay $2 per bucket.

E) such that sellers pay all of the tax.

25) The above figure shows the market for buckets of golf balls at the driving range. A new leisure time tax is placed on suppliers in this market, shifting the supply curve from S0 to S1. The total tax revenue is equal to

A) $1,800.

B) $600.

C) $1,200.

D) $900.

E) $5,600.

26) The above figure shows the market for buckets of golf balls at the driving range. A new leisure time tax is placed on suppliers in this market, shifting the supply curve from S0 to S1. The quantity of buckets without the tax is ________ and the quantity with the tax is ________.

A) 400; 600

B) 600; 400

C) 400; 400

D) 800; 500

E) 600; 500

27) The figure above shows the market for tires. The figure shows that the government has imposed a tax of ________ per tire.

A) $10

B) $30

C) $40

D) $60

E) None of the above answers is correct.

28) The figure above shows the market for tires. The figure shows that the government has imposed a tax of ________ per tire and that ________ pay most of the tax.

A) $30; buyers

B) $40; buyers

C) $30; sellers

D) $60; sellers

E) $60; buyers

29) The figure above shows the market for tires. The government has imposed a tax on tires, and the buyers pay ________ of the tax.

A) $10

B) $20

C) $50

D) $60

E) $30

30) The figure above shows the market for tires. The government has imposed a tax on tires, and the sellers pay ________ of the tax.

A) $10

B) $20

C) $50

D) $60

E) $30