Assume that in a competitive equilibrium, 1,000 units are sold at $20 per unit. Following the imposition of a $4. 00 per unit tax, the new consumer price is $23, and the new equilibrium quantity is 950 units. What are the values of the tax revenue collected and the deadweight loss?.

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03-10-2022
Business

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Assume that in a competitive equilibrium, 1,000 units are sold at $20 per unit. Following the imposition of a $4. 00 per unit tax, the new consumer price is $23, and the new equilibrium quantity is 950 units. What are the values of the tax revenue collected and the deadweight loss?.

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