Exhibit 7-12 
-Refer to Exhibit 7-12. Calculate the deadweight loss that will occur when a tax of $4 per unit is imposed in the market.
Definitions:
Radial Tires
Tires constructed with layers of fabric cords positioned at right angles to the circumference, providing improved performance and durability.
Circumference
The linear distance around the edge of a circle or a cylindrical object.
Wheel Offset
The distance from the hub mounting surface to the centerline of the wheel, affecting how the wheels and tires are positioned in relation to the vehicle's body.
Centerbore
A large hole in the center of a wheel where it mounts to a hub on the vehicle.
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Q101: Refer to Exhibit 7-12.Calculate the total tax
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