1. Excise Tax P
$14 12 11 8 S D 10 12 Q

2. Excise Tax 12 P Stax $14 11 8 S Pc Pp D 10 10 12 Q Calculate
Tax Per Unit
Total Tax Revenue
Amount of Tax paid by consumers
Amount of Tax paid by producers
Total Expenditures
Total Revenue for firms P
Stax
$14 12 11 8 S Pc Pp D 10 10 12 Q

3. Excise Tax 12 P Stax S $14 11 8 D 12 10 Q Answers $3 $30 $20 $10 $140
$110 P
Stax
$14 12 11 8 S D 10 12 Q

4. Excise Tax P Stax $8 S $6 $5 $4 $2 D 6 Q 9 Calculate CS Before Tax
PS Before Tax
Total Surplus Before Tax
CS After Tax
PS After Tax
Tax Revenue to the Government
Dead Weight Loss After Tax
B/W the two points is demand inelastic, elastic, or unit elastic? P
Stax $8 $6 $5 $4 $2 S D 6 9 Q

5. Price went up and TR went down
Excise Tax
Answers
$13.5
$27 $6
$12 $3
Relatively elastic
Total Revenue Test
$5x9=$45
$6X6=$36
Price went up and TR went down P
Stax $8 $6 $5 $4 $2 S D 6 9 Q