Use Exhibit to answer question a. A. b. C. c. B. d. B + C + E + F. Price e. C + F. 22 PB Po Ps I FIBI U O Size of tax per unit 'm/ F If a tax is placed on the product in this market, tax revenue paid by the sellers is the area Qo Supply Demand Quantity

Figure 8-2 T₂ C Price T₁ 7 L a. X .b. YX U C. X + Y d. Z Figure 8-2 X W 9₂2 V Y T 91 Supply Refer to Figure 8-2. Suppose a tax of T1 is imposed in this market. Which area represents the deadweight loss of tax? Demand Quantity

1. Consider the market for candy bars given below. Suppose that the government imposes a tax of $2 per candy bar in this market. Show on the graph and calculate the following: Price 5 $4.50 $4 $3.50 Supply 53 $2.50 $2 $1.50 $1 Demand S0.50 400 800 1200 1600 2000 2400 2800 3200 3600 4000 Candy Bars A. The quantity the market will produce with the tax. B. The government revenue from the tax. C. The deadweight loss from the tax. D. The consumer surplus with the tax. E. The producer surplus with the tax.

Price Tax Amount of the tax C. Quantity Click to view larger image. Look at the provided figure. What area(s) represent the deadweight loss after the tax? O A + B B + C O E+ F B.