Multiple Choice
Figure 8-11
-Refer to Figure 8-11. Suppose Q1 = 4; Q2 = 7; P1 = $6; P2 = $8; and P3 = $10. Then, when the tax is imposed,
A) the government collects $28 in tax revenue.
B) producer surplus decreases by $13.
C) consumer surplus decreases by $11.
D) the deadweight loss amounts to $9.
Correct Answer:

Verified
Correct Answer:
Verified
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