200 Supply 180 160 140 120 100 80 60 40 Demand 20 10,000 30,000 50,000 70,000 Quantity of bungee jumps Price of bungee jumps ($)

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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How would I calculate the government revenue with a tax of $40 using this graph?

200
Supply
180
160
140
120
100
80
60
40
Demand
20
10,000
30,000
50,000
70,000
Quantity of bungee jumps
Price of bungee jumps ($)
Transcribed Image Text:200 Supply 180 160 140 120 100 80 60 40 Demand 20 10,000 30,000 50,000 70,000 Quantity of bungee jumps Price of bungee jumps ($)
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