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Author Question: Excise TaxationThe graph shows the effect of imposing an excise tax on the market for Campy ... (Read 190 times)

allihubbard

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Excise Taxation

The graph shows the effect of imposing an excise tax on the market for Campy Cereal.

If the tax is $3.75, P1 = $1, P2 = $4.00, P3 = $4.75, Q1 = 62, and Q2 = 167, how much does the government receive in revenue from the tax? Round your final answer to two decimal places.
◦ $626.25
◦ $232.50
◦ $393.75
◦ $46.50


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Marked as best answer by allihubbard on Nov 23, 2022

jojomac20

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allihubbard

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Reply 2 on: Nov 23, 2022
:D TYSM


amcvicar

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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