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Refer to the Graph

Question 70

Multiple Choice

Refer to the graph. Assume the market for this product is initially in equilibrium at the intersection of D ₂ and S ₁. The shift in supply from S ₁ to S ₂ is due to an excise tax imposed on the product. The excise tax revenue collected by the government will be A) $60. B) $36. C) $32. D) $24. Refer to the graph. Assume the market for this product is initially in equilibrium at the intersection of D ₂ and S ₁. The shift in supply from S ₁ to S ₂ is due to an excise tax imposed on the product. The excise tax revenue collected by the government will be


A) $60.
B) $36.
C) $32.
D) $24.

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