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BÀI ÔN TOÁN CHƯƠNG 6: THUẾ & CÁC CHÍNH SÁCH CHÍNH PHỦ

Total questions: 17

Worksheet time: 9mins

Name
Class
Date
1.

We have the supply and demand functions for product A as follows:

(S): QS = 6P - 10.
(D): QD = -2P + 14.
The government decides to impose a tax on product A at the level of t = 2. Determine the amount of tax that consumers have to bear?

a)

ts = 1.5

b)

td = 1.5

c)

ts = 0.5

d)

td = 0.5

2.

We have the supply and demand functions for product A as follows:

(S): QS = 6P - 10.
(D): QD = -2P + 14.
The government decides to impose a tax on product A at the level of t = 2. Determine the amount of tax that producers have to bear?

a)

ts = 1.5

b)

ts = 0.5

c)

td = 1.5

d)

ts = 0.5

3.

We have the supply and demand functions for product A as follows:

(S): QS = 6P - 10.
(D): QD = -2P + 14.
The government decides to impose a tax on product A at the rate of t = 2. Determine the total tax collected by the state?

a)

Total tax = 5

b)

Total tax = 10

c)

Total tax = 15

d)

Total tax = 20

4.

If the price of product P = 15 VND/unit, the government imposes a tax of 3 VND/product causing the equilibrium price to rise to P = 17 VND/unit. What can be concluded?

a)

Demand is more elastic than supply

b)

Demand is less elastic than supply

c)

Demand is equivalent to supply elasticity

d)

All are incorrect.

5.

The price of Atiso tea is currently balanced at 85,000 VND/box. When the government imposes a tax of 5,000 VND/box, the market price remains at 85,000 VND/box. What is the price elasticity of demand for Atiso tea?

a)

Highly elastic

b)

Less elastic

c)

Perfectly elastic

d)

Completely inelastic.

6.

When the government taxes $10/product. The equilibrium price increases from $150 to $157. It can be said that:

a)

Supply is less elastic than demand

b)

Demand is completely inelastic

c)

Demand is less elastic than supply

d)

Supply is equally elastic to demand.

7.

Given the supply function (S): P = 6 + Q

         and the demand function (D): P = 18 - 3Q

The government imposes a tax t=2

Calculate the portion of the tax that consumers bear?

a)

td = 1.5

b)

td = 1

c)

ts = 0.5

d)

ts = 1.5

8.

Given the supply function (S): P = 6 + Q

         demand function (D): P = 18 - 3Q

The government imposes a tax t=2

Calculate the portion of the tax that the producer bears?

a)

ts = 0.5

b)

ts = 1

c)

td = 0.5

d)

ts = 1.

9.

Given the supply function (S): P = 6 + Q

         demand function (D): P = 18 - 3Q

The government imposes a tax t=2

Calculate the equilibrium quantity after the tax? (QT)

a)

QT = 2

b)

QT = 2.5

c)

QT = 3

d)

QT = 3.5

10.

Given the supply function (S): P = 6 + Q

         demand function (D): P = 18 - 3Q

The government imposes a tax t=2

Calculate the amount of tax collected by the government?

a)

1

b)

2

c)

5

d)

8

11.

The market for product X has supply and demand functions as follows:

QD = 180 - 3P; QS = 2P - 20.
The government decides to impose a tax of t = 5 per product. Calculate the consumer surplus and producer surplus before tax.

a)

CS = 600; PS = 900

b)

CS = 900; PS = 600

c)

CS = 400; PS = 600

d)

CS = 600; PS =400

12.

The market for product X has supply and demand functions as follows:

QD = 180 - 3P; QS = 2P - 20.
The government decides to impose a tax of t = 5 per product. Calculate the tax burden on consumers and producers?

a)

tD = 3; tS = 2

b)

tD = 2; tS = 3

c)

tD = 1.5; tS = 3.5

d)

tD = 3.5; tS = 1.5

13.

The market for product X has supply and demand functions as follows:

QD = 180 - 3P; QS = 2P - 20.
The government decides to impose a tax of t = 5 per product. Calculate the amount of tax collected by the government?

a)

200

b)

220

c)

250

d)

270

14.

The market for product X has supply and demand functions as follows:

QD = 180 - 3P; QS = 2P - 20.
The government decides to impose a tax of t = 5 per product. Calculate the consumer surplus after tax?

a)

CSafter tax = 480

b)

CSafter tax = 486

c)

PSafter tax = 729

d)

PSafter tax = 720

15.

The market for product X has supply and demand functions as follows:

QD = 180 - 3P; QS = 2P - 20.
The government decides to impose a tax of t = 5 per product. Calculate the producer surplus after tax?

a)

PSafter tax = 486

b)

CSafter tax = 486

c)

PSafter tax = 729

d)

CSafter tax = 729

16.

The market for product X has supply and demand functions as follows:

QD = 180 - 3P; QS = 2P - 20.
The government decides to impose a tax of t = 5 per product. Calculate the deadweight loss (DWL) when the government imposes a tax of t = 5 per product.

a)

DWL = 5

b)

DWL = 10

c)

DWL = 15

d)

DWL = 20

17.

We have the supply and demand functions for product A as follows:

(S): QS = 6P - 10.
(D): QD = -2P + 14.
The government decides to impose a tax on product A at the level of t = 2. Determine the deadweight loss (DWL)?

a)

DWL = 1

b)

DWL = 2

c)

DWL = 3

d)

DWL = 4