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(Figure: Market for Tickets I) Which of the Following Statements

Question 13

Multiple Choice

(Figure: Market for Tickets I) Which of the following statements is (are) TRUE? (Figure: Market for Tickets I)  Which of the following statements is (are)  TRUE?   I. Consumer surplus after the tax is area A + B. II)  Producer surplus before the tax is D + E + F. III)  Consumer surplus before the tax is A + C + E. IV)  The size of the tax is $0.50, raising $170,000 in tax revenue. A)  I and II B)  II, III, and IV C)  IV D)  II and IV I. Consumer surplus after the tax is area A + B.
II) Producer surplus before the tax is D + E + F.
III) Consumer surplus before the tax is A + C + E.
IV) The size of the tax is $0.50, raising $170,000 in tax revenue.


A) I and II
B) II, III, and IV
C) IV
D) II and IV

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