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Author Question: In the above figure, what is the total tax revenue collected by the government? A) 20 million B) ... (Read 14 times)

arivle123

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on: Jun 29, 2018
In the above figure, what is the total tax revenue collected by the government?
 
  A) 20 million
  B) 40 million
  C) 200 million
  D) 400 million

Question 2

Suppose a market begins in equilibrium. If supply increases, then at the original equilibrium price the quantity demanded is
 
  A) is less than the quantity supplied and a surplus results.
  B) is less than the quantity supplied and a shortage results.
  C) exceeds the quantity supplied and a surplus results.
  D) exceeds the quantity supplied and a shortage results.


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shailee

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


arivle123

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Reply #2 on: Jun 29, 2018
Correct answers!


shailee

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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