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treetreee treetreee
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5 years ago Edited: 5 years ago, bio_man
Figure 18-2



Figure 18-2 shows a demand curve and two sets of supply curves, one set more elastic than the other.


Refer to Figure 18-2. If the government imposes an excise tax of $1.00 on every unit sold, the government's revenue from the tax is represented by the area

• (PaPc × Qa) if the supply curve is S0 and (PbPc × Qb) if the supply curve is S1.

• (PaPd × Qa) if the supply curve is S0 and (PbPe × Qb) if the supply curve is S1.

• (PaPe × Qa) under either supply curve.

• (PbPe × Qb) under either supply curve.
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Microeconomics

Microeconomics


Edition: 7th
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swolfe15swolfe15
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treetreee Author
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Thanks for your help!
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