If T represents the size of the tax on a good and Q represents the quantity of the good that is sold, total tax revenue received by government can be expressed as
A)T/Q.
B)T + Q.
C)T × Q.
D)(T × Q)/Q.

Question

Quizplus · Accepted Answer

Total tax revenue received by the government is calculated by multiplying the tax per unit (T) by the quantity of the good sold (Q), hence the correct expression is T × Q.

If T Represents the Size of the Tax on a Good