Use the following to answer questions:
Figure: A Market with a Tax
-(Figure: A Market with a Tax) Look at the figure A Market with a Tax. The tax revenue collected by the government is equal to the area:

Question

Use the following to answer questions:
Figure: A Market with a Tax 
-(Figure: A Market with a Tax) Look at the figure A Market with a Tax. The tax revenue collected by the government is equal to the area:

Quizplus · Accepted Answer

The tax revenue collected by the government is equal to the area of the rectangle formed by the height (P1 - P3) and the base (Q1).

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