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For a Good That Is Taxed,the Area on the Relevant

Question 41

Multiple Choice

For a good that is taxed,the area on the relevant supply-and-demand graph that represents government's tax revenue is a


A) triangle.
B) rectangle.
C) trapezoid.
D) None of the above is correct;government's tax revenue is the area between the supply and demand curves,above the horizontal axis,and below the effective price to buyers.

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