Figure 8-3 the Vertical Distance Between Points a and B Represents a Represents

Multiple Choice

Figure 8-3
The vertical distance between points A and B represents a tax in the market.
-Refer to Figure 8-3. As a result of the tax, consumer surplus decreases by

A) $130, producer surplus decreases by $170, tax revenue is $240, and deadweight loss is $60.
B) $150, producer surplus decreases by $150, tax revenue is $240, and deadweight loss is $60.
C) $160, producer surplus decreases by $160, tax revenue is $240, and deadweight loss is $80.
D) $240, producer surplus decreases by $240, tax revenue is $400, and deadweight loss is $80.