The Revenue Generated from a Tax Equals the

question 3

Multiple Choice

The revenue generated from a tax equals the

• A) amount of the good sold times the original price of the good.
• B) amount of the tax times the quantity sold after the tax is imposed.
• C) total social welfare lost as a result of the tax.
• D) deadweight loss from the tax.
• E) total consumer and producer surplus before the tax.

---

Definitions:

Negatively Correlated

Describes a relationship between two variables where one variable increases as the other decreases.

Risk of Cancer

The probability or chance that an individual will develop cancer over a certain period of time, often influenced by genetic, environmental, and lifestyle factors.

Orange Juice

A liquid extract of the orange tree fruit, high in vitamin C and often consumed as a beverage.

Correlation Coefficients

A statistical measure that indicates the extent to which two or more variables fluctuate together.