The Revenue Generated from a Tax Equals the

question 3

Multiple Choice

The revenue generated from a tax equals the

• A) amount of the good sold times the original price of the good.
• B) amount of the tax times the quantity sold after the tax is imposed.
• C) total social welfare lost as a result of the tax.
• D) deadweight loss from the tax.
• E) total consumer and producer surplus before the tax.

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Definitions:

Relational Databases

A type of database that stores and provides access to data points that are related to one another.

SQL

Structured Query Language, a standardized programming language used for managing and manipulating relational databases.

HTML

Hypertext Markup Language; the standard markup language used to create and design web pages.

RDBMS

Abbreviation for Relational Database Management System, it is a database system that organizes data into tables which are connected by relationships.