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Question 117

Multiple Choice

Use the following to answer questions:
Figure: A Market with a Tax Use the following to answer questions: Figure: A Market with a Tax -(Figure: A Market with a Tax) Look at the figure A Market with a Tax. The tax revenue collected by the government is equal to the area: A) (P<sub>1</sub> - P<sub>3</sub>) Q<sub>1.</sub> B) (P<sub>1</sub> - P<sub>5</sub>) Q<sub>2</sub>. C) (P<sub>2</sub> - P<sub>3</sub>) Q<sub>1</sub>. D) (P<sub>1</sub> - P<sub>2</sub>) Q<sub>2</sub>.
-(Figure: A Market with a Tax) Look at the figure A Market with a Tax. The tax revenue collected by the government is equal to the area:


A) (P1 - P3) Q1.
B) (P1 - P5) Q2.
C) (P2 - P3) Q1.
D) (P1 - P2) Q2.

Correct Answer:

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