(Figure: The Market for Blue Jeans) Use Figure: The Market for Blue Jeans.The government recently levied a $10 tax on the producers of blue jeans.What area or areas in the graph identify tax revenue?

A) a + b + c
B) b + d
C) c + e
D) d + e + f

Question

Jo'Vita Haylea · Accepted Answer

Final Answer : B, Explanation :  Tax revenue is represented by the area that shows the amount of tax multiplied by the quantity of goods sold after the tax is implemented. This is typically the rectangle formed between the supply and demand curves after a tax is introduced, which corresponds to areas b + d in a standard supply and demand graph scenario.

(Figure: The Market for Blue Jeans) Use Figure: The Market for Blue Jeans.The government recently levied a $10 tax on the producers of blue jeans.What area or areas in the graph identify tax revenue?

A) a + b + c
B) b + d
C) c + e
D) d + e + f

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Learning Objectives

Related questions

(Figure: The Market for Blue Jeans) Use Figure: The Market for Blue Jeans.The government recently levied a $10 tax on the producers of blue jeans.What area or areas in the graph identify tax revenue?A) a + b + cB) b + dC) c + eD) d + e + f

Definitions

Learning Objectives

Learning Objectives

Related questions

(Figure: The Market for Blue Jeans) Use Figure: The Market for Blue Jeans.The government recently levied a $10 tax on the producers of blue jeans.What area or areas in the graph identify tax revenue?

A) a + b + c
B) b + d
C) c + e
D) d + e + f