Figure 18-1

-Refer to Figure 18-1.Of the tax revenue collected by the government, the portion borne by producers is represented by the area
A)B + C.
B)F + G.
C)E + H.
D)B + C + F + G.

Question

Figure 18-1
 
-Refer to Figure 18-1.Of the tax revenue collected by the government, the portion borne by producers is represented by the area
A)B + C. 
B)F + G. 
C)E + H. 
D)B + C + F + G.

Quizplus · Accepted Answer

The portion of tax revenue borne by producers is represented by the area F + G, which is the area between the supply curve and the price received by producers after the tax is imposed.

Figure 18-1 -Refer to Figure 18-1.Of the Tax Revenue Collected by the Revenue