Use the Following Information to Answer the Following Questions

question 91

Multiple Choice

Use the following information to answer the following questions.
The following graph depicts a market where a tax has been imposed.P_e was the equilibrium price before the tax was imposed,and Q_e was the equilibrium quantity.After the tax,P_C is the price that consumers pay,and P_S is the price that producers receive.Q_T units are sold after the tax is imposed.NOTE: The areas B and C are rectangles that are divided by the supply curve S_T.Include both sections of those rectangles when choosing your answers.

-What is the total amount of producer and consumer surplus (i.e. ,social welfare) in this market after the tax is imposed?

• A) A + B + C + E + F + G
• B) A + E
• C) A + B + C + E
• D) F + G
• E) B + C + F + G

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Definitions:

Nat Turner

An African American slave who led a significant slave rebellion in Southampton County, Virginia, in 1831.

Uprising

A rebellion or revolt by a group of people against an established authority or government, often aiming to challenge or change conditions.

ADLs

Activities of Daily Living; routine activities that people tend do every day without needing assistance, including eating, bathing, dressing, toileting, transferring (walking), and continence.

Proxy Reporting

The act of reporting information or making decisions on behalf of another person, especially in contexts where the subject cannot provide the information or make decisions themselves.