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  3. Study Set
    Principles of Economics Study Set 8
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    Exam 8: Applications: The Costs of Taxation
  5. Question
    If T Represents the Size of the Tax on a Good
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If T Represents the Size of the Tax on a Good

Question 119

Question 119

Multiple Choice

If T represents the size of the tax on a good and Q represents the quantity of the good that is sold, total tax revenue received by government can be expressed as


A) T/Q.
B) T + Q.
C) T × Q.
D) (T × Q) /Q.

Correct Answer:

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