Explanation: the Following Figure Shows the Result of the Tax

question 131

Multiple Choice

Explanation: The following figure shows the result of the tax imposition.

-Refer to the scenario above.After the imposition of the tax,the government collects ________ in tax revenue,and there is a deadweight loss of ________ in the market.Explain your answer with a graph.

• A) $500,000; $50,000
• B) $450,000; $50,000
• C) $450,000; $25,000
• D) $400,000; $0

---

Definitions:

Biomass

The total mass of all living organisms in a given area or volume; it can also refer to plant or animal matter used as fuel.

Clear-cut

A forestry or logging practice where all trees in an area are uniformly cut down, often used for timber production but criticized for environmental impact.

Acid Soils

Soils with a pH level below 7, often resulting from heavy rainfall, certain parent material, or anthropogenic sources, which can affect plant growth and soil biology.

Alkaline Soil

Soil with a pH value above 7, characterized by a high concentration of carbonate and bicarbonate ions, affecting nutrient availability and plant growth.