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What price will sellers receive after the tax is levied

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Reference no: EM132413394

Complete the table below by filling in ALL missing numbers. If your answer is a decimal rather than a whole number, round your answer to the nearest 1 decimal place (the nearest tenth). Also, do not enter leading zeroes. 

For example, if the answer to a field is 1/8, enter .1 

Do not enter .125 or 0.13 or 0.1

Consider the market for laptop computers. The demand for laptops is Q = 1800 - 3P. Suppose the supply of laptops is given by Q = -200 +2P.

 Suppose a per-unit excise tax of $80 per laptops is levied on the consumers.

  1. What price will sellers receive after the tax is levied?
  2. What price will consumers pay after the tax is levied?
  3. What percent of the tax will be paid by the consumers of laptops?
  4. What percent of the tax will be paid by the suppliers of laptops?
  5. How many laptops will be sold after the tax is imposed?
  6. How much consumer surplus do consumers get after the tax?
  7. What is the deadweight loss created by this tax?

Reference no: EM132413394

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