Figure 4-25
Refer to Figure 4-25. The benefit to the government is
A) measured by tax revenue and is represented by area A + B.
B) measured by tax revenue and is represented by area B + D.
C) measured by the net gain in total surplus and is represented by area B + D.
D) measured by the net gain in total surplus and is represented by area D + E.
Correct Answer:
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