Figure 8-11 -Refer to Figure 8-11.Suppose Q₁ = 4; Q₂ = 7;

Multiple Choice

Figure 8-11

-Refer to Figure 8-11.Suppose Q₁ = 4; Q₂ = 7; P₁ = $6; P₂ = $8; and P₃ = $10.Then,when the tax is imposed,

A) the government collects $28 in tax revenue.
B) producer surplus decreases by $13.
C) consumer surplus decreases by $11.
D) the deadweight loss amounts to $9.