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    Microeconomics Private and Public Choice Study Set 2
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    Exam 4: Supply and Demand: Applications and Extensions
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    Figure 4-24 Refer to Figure 4-24
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Figure 4-24 Refer to Figure 4-24

Question 177

Question 177

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) P3 − P1.
B) P3 − P2.
C) P2 − P1.
D) Q2 − Q1.

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