Multiple Choice
Table 12-1
-Refer to Table 12-1. Assume that the price of a white water rafting trip pass is $55 and that the price reflects the actual unit cost of the trip. Suppose the government imposes a tax of $12 on white water rafting, which raises the price to $67. What is the value of the surplus that accrues to all four participants?
A) $200
B) $83
C) $159
D) $53
Correct Answer:

Verified
Correct Answer:
Verified
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