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Trey4sho Trey4sho
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A year ago
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
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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billbyebillbye
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A year ago
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Trey4sho Author
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A year ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Harvinder
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Yesterday
Thanks
Shuqin
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2 hours ago
this is exactly what I needed
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