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-The Figure Above Illustrates the Petrol Market

Question 54

Multiple Choice

-The figure above illustrates the petrol market. There is no external benefit from petrol. If a tax on petrol is imposed as shown in the figure, then the total tax revenue earned by the government equals A) $16 million. B) less than $8 million. C) $24 million. D) more than $24 million. E) $8 million.
-The figure above illustrates the petrol market. There is no external benefit from petrol. If a tax on petrol is imposed as shown in the figure, then the total tax revenue earned by the government equals


A) $16 million.
B) less than $8 million.
C) $24 million.
D) more than $24 million.
E) $8 million.

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