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

question 54

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.

---

Definitions:

Hamburger

A popular food item consisting of a cooked patty, usually of ground beef, placed inside a sliced bread roll or bun, often served with various accompaniments and condiments.

Price

The amount of money that must be paid to obtain a given product or service.

Opportunity Cost

The loss of potential gain from other alternatives when one alternative is chosen.

Hot Dog

A cooked sausage, traditionally grilled or steamed, and served in a partially sliced bun as a fast-food.