Solved

If T Represents the Size of the Tax on a Good

Question 5

Multiple Choice

If T represents the size of the tax on a good and Q represents the quantity of the good that is sold,total tax revenue received by government can be expressed as


A) T/Q.
B) T+Q.
C) TxQ.
D) (TxQ) /Q.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q1: Figure 8-9<br>The vertical distance between points A

Q2: Figure 8-5<br>Suppose that the government imposes a

Q3: If a tax shifts the demand curve

Q4: Figure 8-13 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 8-13

Q6: When a tax is imposed on the

Q7: Figure 8-9<br>The vertical distance between points A

Q8: Figure 8-9<br>The vertical distance between points A

Q9: Figure 8-5<br>Suppose that the government imposes a

Q10: Figure 8-9<br>The vertical distance between points A

Q11: A deadweight loss is a consequence of