Use the following information to answer the following 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.
-Which areas represent consumer surplus after the tax is imposed?
Definitions:
Conditional Warranties
Warranties that are only effective under certain conditions or circumstances, often requiring specific actions or maintenance by the buyer.
Unconditional Warranties
Guarantees provided by manufacturers or sellers that do not impose conditions on the validity of the warranty.
Implied Warranties
Legal guarantees that automatically apply to products or services, ensuring they meet certain minimum standards.
Uniform Commercial Code Sections 2-508 and 2A-513
Specific provisions within the UCC related to the rights of parties in sales of goods and leases, respectively.
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