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

question 64

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

• A)is larger if the supply curve is S₀.
• B)is larger if the supply curve is S₁.
• C)is identical under either supply curve.
• D)is not maximized.

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