-The above figure shows the market for buckets of golf balls at the driving range.A new leisure time tax is placed on suppliers in this market,shifting the supply curve from S0 to S1.The total tax revenue is equal to

Question

Quizplus · Accepted Answer

The total tax revenue is calculated by multiplying the tax per unit by the quantity sold after the tax is imposed. The shift from S0 to S1 indicates the tax per unit, and the new equilibrium quantity gives the quantity sold.

-The Above Figure Shows the Market for Buckets of Golf