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Jgal Jgal
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11 months ago

Exhibit 20-2


Refer to Exhibit 20-2. The market for good X is initially in equilibrium at $5. The government then places a per-unit tax on good X as shown by the shift of S1 to S2. What is an expression for the tax revenue raised?



▸

$2.25 x Q2



▸

$1.25 x Q2



▸

$1.00 x Q2



▸

($1.00 x Q2) + [$1.25 x (Q1 - Q2)]



▸

$2.25 x (Q1 - Q2)

Textbook 
Economics

Economics


Edition: 12th
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oth987oth987
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11 months ago
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Jgal Author
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11 months ago
Smart ... Thanks!
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Thanks
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