Figure 8-1 -Refer to Figure 8-1.Suppose the Government Imposes a Tax of a Tax

Multiple Choice

Figure 8-1
-Refer to Figure 8-1.Suppose the government imposes a tax of P' - P'''.The area measured by J+K+L+M represents

A) total surplus after the tax.
B) total surplus before the tax.
C) deadweight loss from the tax.
D) tax revenue.