Daily Demand for Gasoline at Billy-Bob's Mobile Station Is Described

Multiple Choice

Daily demand for gasoline at Billy-Bob's Mobile Station is described by Q = 980 - 300p, where Q are gallons of gasoline sold and p is the price in dollars.Billy-Bob's supply is Q = 22,980 + 3,000p.Suppose the state government places a tax of 18 cents on every gallon of gasoline sold.What is the deadweight loss resulting from this tax?

A) 4.02 dollars
B) 0.40 dollars
C) 4.42 dollars
D) 93.42 dollars
E) 58.91 dollars