Use the Figure Below to Answer the Following Question(s)

question 37

Multiple Choice

Use the figure below to answer the following question(s) .
Figure 4-9
-Refer to Figure 4-9. The market for gasoline was initially in equilibrium at point b and a $.40 excise tax is illustrated. How much revenue would the $.40 gasoline tax raise?

• A) $18 million
• B) $36 million
• C) $72 million
• D) $100 million

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Definitions:

Self-Discipline

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The scientific study of optimal human functioning; aims to discover and promote strengths and virtues that enable individuals and communities to thrive.

Scientific Methods

A systematic process for investigating phenomena, acquiring new knowledge, or correcting and integrating previous knowledge, based on empirical or measurable evidence.