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Exhibit 20-6 -Refer to Exhibit 20-6.Suppose the Three Equilibrium Quantities Are 700,800,and

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Exhibit 20-6
Exhibit 20-6    -Refer to Exhibit 20-6.Suppose the three equilibrium quantities are 700,800,and 900,and the two equilibrium prices are $2.20 and $2.75.What is the tax revenue collected from the tax that shifted S<sub>1</sub> to S<sub>2</sub> when D<sub>2</sub> is the relevant demand curve? A)  $440 B)  $600 C)  $800 D)  $900
-Refer to Exhibit 20-6.Suppose the three equilibrium quantities are 700,800,and 900,and the two equilibrium prices are $2.20 and $2.75.What is the tax revenue collected from the tax that shifted S1 to S2 when D2 is the relevant demand curve?


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