Exhibit 20-2 -Refer to Exhibit 20-2.The market for good X is initially in equilibrium at $5.The government then places a per-unit tax on good X as shown by the shift of S₁ to S₂.What is an expression for the tax revenue raised? A) $2.25 x Q₂ B) $1.25 x Q₂ C) $1.00 x Q₂ D) ($1.00 x Q₂) + [$1.25 x (Q₁ - Q₂)] E) $2.25 x (Q₁- Q₂)

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The Answer of Exhibit 20-2 -Refer to Exhibit 20-2.The market for good X is initially in equilibrium at $5.The government then places a per-unit tax on good X as shown by the shift of S₁ to S₂.What is an expression for the tax revenue raised? A) $2.25 x Q₂ B) $1.25 x Q₂ C) $1.00 x Q₂ D) ($1.00 x Q₂) + [$1.25 x (Q₁ - Q₂)] E) $2.25 x (Q₁- Q₂)

Exhibit 20-2 -Refer to Exhibit 20-2.The Market for Good X Is Initially