Tax revenue equals the size of the tax multiplied by the quantity sold in the market after the tax is levied.

Name: Tax revenue equals the size of the tax multiplied by the quantity sold in the market after the tax is levied.
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Question

Quizplus · Accepted Answer

Tax revenue is calculated by multiplying the per unit tax by the quantity of goods sold in the market after the tax imposition, reflecting the government's earnings from the tax.

Tax Revenue Equals the Size of the Tax Multiplied by the Quantity