Use the Following Information to Answer the Next Fifteen Questions

question 111

Multiple Choice

Use the following information to answer the next fifteen questions.
The following graph depicts a market where a tax has been imposed. Pₑ was the equilibrium price before the tax was imposed, and Qₑ was the equilibrium quantity. After the tax, PC is the price that consumers pay, and PS is the price that producers receive. QT units are sold after the tax is imposed. NOTE: The areas B and C are rectangles that are divided by the supply curve ST. Include both sections of those rectangles when choosing your answers.

-What is the total amount of producer and consumer surplus (i.e.,social welfare) in this market before the tax is imposed?

• A) A + B + C + E + F + G
• B) A + C
• C) A + B + C + E
• D) F + G
• E) B + C + F + G

---

Definitions:

Vocalizations

The sounds produced by animals or humans which can include speech, singing, or other non-verbal sounds used for communication.

Neonate

Pertains to a newborn child, especially in the first few weeks of life.

Temperament

The inherent part of an individual's personality, including mood, behavior tendencies, and emotional responses.

Behavioral Style

The manner in which an individual behaves or conducts themselves, often consistent across different situations.