Graph 8-2

-According to Graph 8-2, the total surplus (consumer, producer and government) with the tax is:

Name: Graph 8-2 -According to Graph 8-2, the total surplus (consumer, producer and government) with the tax is:
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Question

Graph 8-2
 
-According to Graph 8-2, the total surplus (consumer, producer and government) with the tax is:

Quizplus · Accepted Answer

The total surplus is the sum of consumer surplus, producer surplus, and government revenue. From the graph, we can see that consumer surplus is $750, producer surplus is $1125, and government revenue is $375. Therefore, the total surplus is $750 + $1125 + $375 = $2250.

Graph 8-2 -According to Graph 8-2, the Total Surplus (Consumer, Producer and Surplus