Figure 8-10
-Refer to Figure 8-10.Suppose the government imposes a tax that reduces the quantity sold in the market after the tax to Q2.With the tax,the total surplus is

Name: Figure 8-10 -Refer to Figure 8-10.Suppose the government imposes a tax that reduces the quantity sold in the market after the tax to Q2.With the tax,the total surplus is
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Question

Figure 8-10 
-Refer to Figure 8-10.Suppose the government imposes a tax that reduces the quantity sold in the market after the tax to Q2.With the tax,the total surplus is

Quizplus · Accepted Answer

The total surplus with the tax is the sum of consumer surplus, producer surplus, and tax revenue, which is represented by the formula in choice B.

Figure 8-10 -Refer to Figure 8-10 1/21 / 21/2 X (P0-P5)x Q5] + [

Figure 8-10
-Refer to Figure 8-10 $1 / 2$ X (P0-P5)x Q5] + [