The diagram below shows supply and demand diagrams (S and D) for some product. The government then imposes an excise tax. The new supply curve is ST.
FIGURE 18- 4
-Refer to Figure 18- 4. What is the producers' net revenue after the imposition of the tax?
A) $630
B) $450
C) $540
D) $600
E) $500
Correct Answer:
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