Consider the market to be in equilibrium with demand curve D and supply curve S.
-Refer to the diagram above.After the $1 tax on sellers is imposed,the sum of consumer surplus,producer surplus,and tax revenue is
A) $7.
B) $9.80.
C) $14.70.
D) $24.50.
E) $31.50.

Question

Consider the market to be in equilibrium with demand curve D and supply curve S.
-Refer to the diagram above.After the $1 tax on sellers is imposed,the sum of consumer surplus,producer surplus,and tax revenue is
A) $7. 
B) $9.80. 
C) $14.70. 
D) $24.50. 
E) $31.50.

Quizplus · Accepted Answer

The Answer of  Consider the market to be in equilibrium with demand curve D and supply curve S.
-Refer to the diagram above.After the $1 tax on sellers is imposed,the sum of consumer surplus,producer surplus,and tax revenue is
A) $7. 
B) $9.80. 
C) $14.70. 
D) $24.50. 
E) $31.50.

Consider the Market to Be in Equilibrium with Demand Curve