Multiple Choice
Use the following to answer question:
-(Figure and Table: The Market for Taxi Rides) Use Figure and Table: The Market for Taxi Rides.If the government imposes an excise tax of $1 per ride (causing the supply curve to shift upward by that amount) ,then the government will collect tax revenues of _____.However,the tax will cause a _____ deadweight loss to society.
A) $9 million;$0.5 million
B) $16 million;$1 million
C) $45 million;$1 million
D) $50 million;$0.5 million
Correct Answer:

Verified
Correct Answer:
Verified
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