Consider the Market to Be in Equilibrium with Demand Curve

question 152

Multiple Choice

Consider the market to be in equilibrium with demand curve D and supply curve S.
-Refer to the diagram above.After the $1 tax on sellers is imposed,the sum of consumer surplus,producer surplus,and tax revenue is

• A) $7.
• B) $9.80.
• C) $14.70.
• D) $24.50.
• E) $31.50.

---

Definitions:

New Deal

A series of programs and policies established by President Franklin D. Roosevelt to help the United States recover from the Great Depression.

1896 Critical Election

A pivotal United States presidential election that realigned party systems and marked a major shift in political attitudes and approaches.

Solid South

A term used to describe the electoral support of the Southern United States for Democratic Party candidates from the end of Reconstruction until the mid-20th century.

Single-Member-District

An electoral district that is represented by one official in a legislative body, typically determined by a majority or plurality of votes.