Homework Clinic
Social Science Clinic => Economics => Microeconomics => Topic started 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
-
shrinks; shrinks; $120,000
-
Thanks
-
Welcome :)
-
thank you
-
.
-
thank you
-
Thank you
-
Thank you
-
thank you
-
Thank you
-
Thank you