Figure 4-25 Price P3 B C P1 Tax E P2 F H. Quantity Q2 Refer to Figure 4-25 4-25.png. The benefit to the government of imposing the tax is O measured by tax revenue and is represented by area A + B. O measured by tax revenue and is represented by area B+ D. O measured by the net gain in total surplus and is represented by area D + E. O measured by the net gain in total surplus and is represented by area B+ D.
Figure 4-25 Price P3 B C P1 Tax E P2 F H. Quantity Q2 Refer to Figure 4-25 4-25.png. The benefit to the government of imposing the tax is O measured by tax revenue and is represented by area A + B. O measured by tax revenue and is represented by area B+ D. O measured by the net gain in total surplus and is represented by area D + E. O measured by the net gain in total surplus and is represented by area B+ D.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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