Figure 8-1 -Refer to Figure 8-1. Suppose the Government Imposes a Tax

question 175

Multiple Choice

Figure 8-1
-Refer to Figure 8-1. Suppose the government imposes a tax of P'-P'''. The area measured by L + M + Y represents

• A)consumer surplus after the tax.
• B)consumer surplus before the tax.
• C)producer surplus after the tax.
• D)producer surplus before the tax.

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