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Exhibit 20-6 -Refer to Exhibit 20-6.Suppose the Three Equilibrium Quantities Are 700,800,and

Question 17

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Exhibit 20-6
Exhibit 20-6 -Refer to Exhibit 20-6.Suppose the three equilibrium quantities are 700,800,and 900,and the two equilibrium prices are $2.20 and $2.75.What is the tax revenue collected from the tax that shifted S<sub>1</sub> to S<sub>2</sub> when D<sub>2</sub> is the relevant demand curve? A) $440 B) $600 C) $800 D) $900
-Refer to Exhibit 20-6.Suppose the three equilibrium quantities are 700,800,and 900,and the two equilibrium prices are $2.20 and $2.75.What is the tax revenue collected from the tax that shifted S1 to S2 when D2 is the relevant demand curve?


A) $440
B) $600
C) $800
D) $900

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