The Per-Unit Dollar Amount of a Tax Times the Quantity

question 151

Multiple Choice

The per-unit dollar amount of a tax times the quantity sold after the tax is imposed equals

• A) consumer surplus.
• B) deadweight loss.
• C) the tax revenue.
• D) producer surplus.
• E) social welfare.

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Definitions:

Available Grassland

Land areas covered with grass that are accessible and suitable for grazing animals or potentially for cultivation and other uses.

Drought

An extended period of deficient rainfall relative to the statistical multi-year average for a region, resulting in prolonged shortages in the water supply.

Downward-Sloping

A graphical representation showing a decline or decrease from left to right, often used to describe demand curves where price and quantity demanded move in opposite directions.

Government Tax

Monetary charges imposed by a government on individuals, corporations, and transactions to finance government spending and services.