Table 12-1
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​ -Refer to Table 12-1

question 176

Multiple Choice

Table 12-1
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​
$$\begin{array} { | c | c | } \hline \text { Person } & \begin{array} { c } \text { Value of a White Water Rafting } \\\text { Trip } \\\text { (Dollars) }\end{array} \\\hline \text { Ken } & 150 \\\hline \text { Alex } & 120 \\\hline \text { Brenda } & 90 \\\hline \text { Rob } & 60 \\\hline\end{array}$$
-Refer to Table 12-1. Assume that the price of a weekend ski pass is $55 and that the price reflects the actual unit cost of the trip. Suppose the government imposes a tax of $12 on white water rafting, which raises the price to $67. How much tax revenue is collected from these four participants?

• A)$200
• B)$159
• C)$36
• D)$83

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Definitions:

Open Spaces

Areas of land that are not developed, reserved for public use or enjoyment, often to preserve natural or cultural resources.

Hidden Defects

Flaws or imperfections in a product or property that are not readily observable and may not be known until after a transaction has occurred.

Jurisdictions

The official power to make legal decisions and judgments, often within a specific geographic area or over a certain type of case.

Marketable Title

A title to real property that is free from significant defects, encumbrances, or liens, and can be easily sold or mortgaged.