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

question 197

Multiple Choice

Figure 8-1
-Refer to Figure 8-1. Suppose the government imposes a tax of P'' - P. The area measured by J + K + I 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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Definitions:

Electronic Relay Switch

A switch that uses an electronic control to open or close a circuit, commonly used in vehicle electrical systems.

Scopemeter

A hand-held device that functions as DMM and an oscilloscope.

Hexadecimal Code

J1939 messages use hexadecimal code. To do this 16 numeric symbols must be used: 0 to 9 are used for the first nine digits, and the letters A through F are used to represent 10 to 16.

Labscope

A modern handheld variation of an oscilloscope; an electronic instrument in which the relationship between two variables can be graphically represented. In motive power technology, the two variables are usually time (frequency) and voltage.