(Solved): Tax and subsidy policy. a. Illustrate on a supply and demand graph a specific tax of size placed ...

Tax and subsidy policy.

a. Illustrate on a supply and demand graph a specific tax of size ? placed on consumers.

b. Illustrate on a supply and demand graph the impact of an ad valorem tax rate ? placed on consumers.

c. Illustrate on a supply and demand graph the impact of a subsidy of size s given to producers.