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Figure 8-2 -Refer to Figure 8-2.Which of the Following Equations Is Valid

Question 54

Multiple Choice

Figure 8-2
Figure 8-2 -Refer to Figure 8-2.Which of the following equations is valid for the tax revenue that the tax provides to the government? A) Tax revenue = (P₂ - P₁) Q₁ B) Tax revenue = (P₃ - P₁) Q₁ C) Tax revenue = (P₃ - P₂) Q₁ D) Tax revenue = (P₃ - P₁) Q₂
-Refer to Figure 8-2.Which of the following equations is valid for the tax revenue that the tax provides to the government?


A) Tax revenue = (P₂ - P₁) Q₁
B) Tax revenue = (P₃ - P₁) Q₁
C) Tax revenue = (P₃ - P₂) Q₁
D) Tax revenue = (P₃ - P₁) Q₂

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