PRICE 12 11 10 9 co 8 6 5 4 3 32W 1 B Refer to Figure 8-2. Total surplus without the tax is a. $20, and total surplus with the tax is $2.50. O b. $10, and total surplus with the tax is $7.50. O c. $10, and total surplus with the tax is $2.50. d. $20, and total surplus with the tax is $7.50. Supply Demand 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5 6.0 QUANTITY

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter6: Supply, Demand And Government Policies
Section: Chapter Questions
Problem 6CQQ
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DTAP
C
"F5
%
5
盱
Refer to Figure 8-2. Total surplus without the tax is
O a. $20, and total surplus with the tax is $2.50.
O b. $10, and total surplus with the tax is $7.50.
O c. $10, and total surplus with the tax is $2.50.
O d. $20, and total surplus with the tax is $7.50.
F6
6
PRICE
F7
12
11
10
9
&
896
5
4
3
2
+
F8
*
A
++ H
0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5 6.0
QUANTITY
8
B
F9
(
Supply
F10
Demand
-
16
F11
F12
1|
0000
PrtSc
+ 11
Transcribed Image Text:DTAP C "F5 % 5 盱 Refer to Figure 8-2. Total surplus without the tax is O a. $20, and total surplus with the tax is $2.50. O b. $10, and total surplus with the tax is $7.50. O c. $10, and total surplus with the tax is $2.50. O d. $20, and total surplus with the tax is $7.50. F6 6 PRICE F7 12 11 10 9 & 896 5 4 3 2 + F8 * A ++ H 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5 6.0 QUANTITY 8 B F9 ( Supply F10 Demand - 16 F11 F12 1| 0000 PrtSc + 11
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