Multiple Choice
Suppose that a market is initially in equilibrium. The initial demand curve is . The initial supply curve is . Suppose that the government imposes a $3 tax on this market. What is the change in consumer surplus due to the tax?
A) $450.
B) $420.50.
C) $29.50.
D) $0.50.
Correct Answer:

Verified
Correct Answer:
Verified
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