(Figure: Market for Tickets I) Which of the Following Statements

question 13

Multiple Choice

(Figure: Market for Tickets I) Which of the following statements is (are) TRUE? I. Consumer surplus after the tax is area A + B.
II) Producer surplus before the tax is D + E + F.
III) Consumer surplus before the tax is A + C + E.
IV) The size of the tax is $0.50, raising $170,000 in tax revenue.

• A) I and II
• B) II, III, and IV
• C) IV
• D) II and IV

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