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Figure 8-11 -Refer to Figure 8-11.Suppose Q1 = 4;Q2 = 7;P1 =

Question 222

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Figure 8-11 Figure 8-11   -Refer to Figure 8-11.Suppose Q<sub>1</sub> = 4;Q<sub>2</sub> = 7;P<sub>1</sub> = $6;P<sub>2</sub> = $8;and P<sub>3</sub> = $10.Then,when the tax is imposed, A) consumer surplus decreases by $13. B) producer surplus decreases by $13. C) the deadweight loss amounts to $6. D) the amount of the good that is sold remains unchanged.
-Refer to Figure 8-11.Suppose Q1 = 4;Q2 = 7;P1 = $6;P2 = $8;and P3 = $10.Then,when the tax is imposed,


A) consumer surplus decreases by $13.
B) producer surplus decreases by $13.
C) the deadweight loss amounts to $6.
D) the amount of the good that is sold remains unchanged.

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