Assume That a $0

question 99

Multiple Choice

Assume that a $0.25/gallon tax on milk causes a loss of $250 million in consumer and producer surplus and creates a deadweight loss of $45 million.From this information,we know that the tax revenue from the tax is

• A) $250 million.
• B) $45 million.
• C) $205 million.
• D) $295 million.
• E) $75 million.

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Definitions:

Mental Disabilities

A range of conditions that affect mood, thinking, and behavior, potentially impacting an individual's ability to function in various aspects of life.

Physical Disabilities

Conditions that limit an individual's physical functioning, mobility, dexterity, or stamina, often requiring adaptation of living or working environments.

Pardoned Conviction

A legal decision where a convict is officially forgiven for their crime and relieved from the consequences of their legal conviction.

Criminal Conviction

A formal declaration that someone is guilty of a criminal offense, typically following a trial or plead of guilt.