Figure 6-20 -Refer to Figure 6-20.In the After-Tax Equilibrium,government Collects

Figure 6-20

-Refer to Figure 6-20.In the after-tax equilibrium,government collects

A) $1,440 in tax revenue; of this amount, $960 represents a burden on buyers and $480 represents a burden on sellers.
B) $1,440 in tax revenue; of this amount, $720 represents a burden on buyers and $720 represents a burden on sellers.
C) $1,680 in tax revenue; of this amount, $1,260 represents a burden on buyers and $420 represents a burden on sellers.
D) $1,680 in tax revenue; of this amount, $840 represents a burden on buyers and $840 represents a burden on sellers.