Post by: ericka1 on May 24, 2019
The figure shows the market for mattresses. As a result of the government's tax on mattresses, consumer surplus ________, producer surplus ________ and the government collects tax revenue of ________.
◦ shrinks; shrinks; $150,000
◦ shrinks; shrinks; $120,000
◦ grows; shrinks; $120,000
◦ shrinks; grows; $150,000
◦ grows; grows; $30 per mattress sold
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Post by: ericka1 on May 24, 2019
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