The Diagram Below Shows Supply and Demand Diagrams (S and D)for

question 52

Multiple Choice

The diagram below shows supply and demand diagrams (S and D) for some product.The government then imposes an excise tax.The new supply curve is . FIGURE 18-4
-Refer to Figure 18-4.What is the producers' net revenue after the imposition of the tax?

• A)$450
• B)$500
• C)$540
• D)$600
• E)$630

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