Use the following to answer questions:
Figure and Table: The Market for Taxi Rides 
-(Figure and Table: The Market for Taxi Rides) Look at the figure and table The Market for Taxi Rides. The figure represents a competitive market for taxi rides. If the government imposes an excise tax of $2 per ride (causing the supply curve to shift upward by that amount) , then the government will collect tax revenues of _____, BUT the tax will cause a _____ deadweight loss to society.
Definitions:
Market Testing
The process of assessing the viability of a new product or service through controlled experiments with target markets before a full-scale launch.
Commercialization
The process of bringing new products or services to the market.
Business Analysis
The practice of enabling change in an organizational context by defining needs and recommending solutions that deliver value to stakeholders.
New-product Strategy Development
The process of defining the market approach and product positioning for introducing new products to the market.
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