Use the figure below to answer the following question(s).
Figure 4-9
-Refer to Figure 4-9. The market for gasoline was initially in equilibrium at point b and a $.40 excise tax is illustrated. How much revenue would the $.40 gasoline tax raise?
A) $18 million
B) $36 million
C) $72 million
D) $100 million

Question

Use the figure below to answer the following question(s).
Figure 4-9 
-Refer to Figure 4-9. The market for gasoline was initially in equilibrium at point b and a $.40 excise tax is illustrated. How much revenue would the $.40 gasoline tax raise?
A) $18 million 
B) $36 million 
C) $72 million 
D) $100 million

Quizplus · Accepted Answer

The Answer of Use the figure below to answer the following question(s).
Figure 4-9 
-Refer to Figure 4-9. The market for gasoline was initially in equilibrium at point b and a $.40 excise tax is illustrated. How much revenue would the $.40 gasoline tax raise?
A) $18 million 
B) $36 million 
C) $72 million 
D) $100 million

Use the Figure Below to Answer the Following Question(s)