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

question 16

Multiple Choice

Use the figure below to answer the following question(s) .
Figure 4-10

Refer to Figure 4-10. The accompanying graph shows the market for a good before and after an excise tax is imposed. The total tax revenue generated is indicated by

• A) area A + area B + area D.
• B) area A + area B + area C.
• C) area A + area B.
• D) area D only.

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Definitions:

Great Britain

An island in the North Atlantic off the northwest coast of mainland Europe, comprising England, Scotland, and Wales.

Judgment Sampling

A nonprobability method of sampling whereby elements are selected for the sample based on the judgment of the person doing the study.

Cluster Sampling

A probability sampling method in which the population is first divided into clusters and then a simple random sample of the clusters is taken.