Refer to the information provided in Figure 5.7 below to answer the question(s) that follow. Figure 5.7
The above figure represents the market for pumpkins both before and after the imposition of an excise tax, which is represented by the shift of the supply curve.
-Refer to Figure 5.7. The total revenue the government will receive from the imposition of this tax is
A) $875.
B) $1,225.
C) $2,100.
D) $3,600.

Question

Refer to the information provided in Figure 5.7 below to answer the question(s) that follow.  Figure 5.7
The above figure represents the market for pumpkins both before and after the imposition of an excise tax, which is represented by the shift of the supply curve.
-Refer to Figure 5.7. The total revenue the government will receive from the imposition of this tax is
A) $875. 
B) $1,225. 
C) $2,100. 
D) $3,600.

Quizplus · Accepted Answer

The total revenue from a tax is calculated by multiplying the tax per unit by the quantity sold. The figure likely shows the tax per unit and the quantity sold after the tax is imposed, leading to a total revenue of $2,100.

Refer to the Information Provided in Figure 5