Reference: Ref 6-7 (Figure: Commodity Tax on Suppliers) Refer to the Figure

question 29

Multiple Choice

Reference: Ref 6-7 (Figure: Commodity Tax on Suppliers) Refer to the figure. If a tax shifts the supply curve from S1 to S2, tax revenue is:

• A) $3,600.
• B) $2,700.
• C) $1,800.
• D) $1,000.

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Definitions:

Gasoline Tax

A specific tax levied on the sale of gasoline, often implemented to fund transportation-related projects and to encourage fuel efficiency considerations among consumers.

RSV

Respiratory Syncytial Virus, a common and highly contagious virus that causes respiratory infections, particularly in children.

Bronchiolitis

An inflammatory respiratory condition often caused by a viral infection, primarily affecting the small airways (bronchioles) in the lungs, commonly seen in young children.