Use the Figure Below to Answer the Following Question(s)

question 197

Multiple Choice

Use the figure below to answer the following question(s) .
Figure 4-9

Refer to Figure 4-9. The market for gasoline was initially in equilibrium at point b and a $.40 excise tax is illustrated. How much revenue would the $.40 gasoline tax raise?

• A) $18 million
• B) $36 million
• C) $72 million
• D) $100 million