Figure 15.2 Figure 15.2 Shows a Demand Curve and Two Sets of Curve

question 81

Multiple Choice

Figure 15.2

Figure 15.2 shows a demand curve and two sets of supply curves, one set more elastic than the other.
-Refer to Figure 15.2.If the government imposes an excise tax of $1.00 on every unit sold, the government's revenue from the tax is represented by the area

• A)(PₐPc × Qₐ)if the supply curve is S₀ and (PbPc × Qb)if the supply curve is S₁.
• B)(PₐPd × Qₐ)if the supply curve is S₀ and (PbPₑ × Qb)if the supply curve is S₁.
• C)(PₐPₑ × Qₐ)under either supply curve.
• D)(PbPₑ × Qb)under either supply curve.

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