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    Exam 4: Supply and Demand: Applications and Extensions
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    Figure 4-24 Refer to Figure 4-24. the Amount of the Tax on the Tax
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Figure 4-24 Refer to Figure 4-24. the Amount of the Tax on the Tax

Question 92

Question 92

Multiple Choice

Figure 4-24 Figure 4-24   Refer to Figure 4-24. The amount of the tax on each unit of the good is A)  P <sub>3</sub> − P <sub>1</sub>. B)  P <sub>3</sub> − P <sub>2</sub>. C)  P <sub>2</sub> − P <sub>1</sub>. D)  Q <sub>2</sub> − Q <sub>1</sub>.
Refer to Figure 4-24. The amount of the tax on each unit of the good is


A) P 3 − P 1.
B) P 3 − P 2.
C) P 2 − P 1.
D) Q 2 − Q 1.

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