Figure 8-2

-Refer to Figure 8-2.What area represents the amount of tax revenue received by the government
A)P₃ACP₁
B)ABC
C)P₂DAP₃
D)P₁CDP₂

Name: Figure 8-2 -Refer to Figure 8-2.What area represents the amount of tax revenue received by the government A)P₃ACP₁ B)ABC C)P₂DAP₃ D)P₁CDP₂
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Question

Figure 8-2
 
-Refer to Figure 8-2.What area represents the amount of tax revenue received by the government
A)P₃ACP₁ 
B)ABC 
C)P₂DAP₃ 
D)P₁CDP₂

Quizplus · Accepted Answer

The area P₃ACP₁ represents the amount of tax revenue received by the government because it is the area between the demand curve and the supply curve.

Figure 8-2 -Refer to Figure 8-2.What Area Represents the Amount of Tax