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Author Question: The diagram below shows supply and demand diagrams(SandD) for some product. The government then ... (Read 1118 times)

bvyeehaw

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Question 1

The diagram below shows supply and demand diagrams (S and D) for some product. The government then imposes an excise tax. The new supply curve is ST.



FIGURE 18-4

Refer to Figure 18-4. What is the producers' revenue before the imposition of the tax?


◦ $600
◦ $500
◦ $450
◦ $630
◦ $540

Question 2

The diagram below shows supply and demand diagrams (S and D) for some product. The government then imposes an excise tax. The new supply curve is ST.



FIGURE 18-4

Refer to Figure 18-4. What is the producers' net revenue after the imposition of the tax?


◦ $600
◦ $500
◦ $450
◦ $540
◦ $630


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Marked as best answer by bvyeehaw on Oct 12, 2022

leilani49

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