Figure 18-2 Figure 18-2 Shows a Demand Curve and Two

question 110

Multiple Choice

Figure 18-2 Figure 18-2 shows a demand curve and two sets of supply curves, one set more elastic than the other.
-Refer to Figure 18-2. If the government imposes an excise tax of $1.00 on every unit sold, the government's revenue from the tax is represented by the area

• A) (P_aP_c × Q_a) if the supply curve is S₀ and (P_bP_c × Q_b) if the supply curve is S₁.
• B) (P_aP_d × Q_a) if the supply curve is S₀ and (P_bP_e × Q_b) if the supply curve is S₁.
• C) (P_aP_e × Q_a) under either supply curve.
• D) (P_bP_e × Q_b) under either supply curve.

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