Figure 8-6 -Refer to Figure 8-6.Which of the Following Statements Is Correct

Multiple Choice

Figure 8-6

-Refer to Figure 8-6.Which of the following statements is correct?

A) The loss of producer surplus that is associated with some sellers dropping out of the market as a result of the tax is $30.
B) The loss of consumer surplus for those buyers of the good who continue to buy it after the tax is imposed is $60.
C) The loss of consumer surplus caused by this tax exceeds the loss of producer surplus caused by this tax.
D) This tax produces $200 in tax revenue for the government.