Figure 8-2

-Refer to Figure 8-2.Which of the following equations is valid for the loss in consumer surplus caused by the tax?
A)Loss of consumer surplus = (1/2)(P₃ - P₂)(Q₁ - Q₂).
B)Loss of consumer surplus = (1/2)(P₃ - P₂)(Q₁ + Q₂).
C)Loss of consumer surplus = (1/2)(P₃ + P₂)(Q₁ - Q₂).
D)Loss of consumer surplus = (1/2)(P₃ + P₂)(Q₁ + Q₂).

Question

Figure 8-2
 
-Refer to Figure 8-2.Which of the following equations is valid for the loss in consumer surplus caused by the tax?
A)Loss of consumer surplus = (1/2)(P₃ - P₂)(Q₁ - Q₂). 
B)Loss of consumer surplus = (1/2)(P₃ - P₂)(Q₁ + Q₂). 
C)Loss of consumer surplus = (1/2)(P₃ + P₂)(Q₁ - Q₂). 
D)Loss of consumer surplus = (1/2)(P₃ + P₂)(Q₁ + Q₂).

Quizplus · Accepted Answer

The Answer of Figure 8-2
 
-Refer to Figure 8-2.Which of the following equations is valid for the loss in consumer surplus caused by the tax?
A)Loss of consumer surplus = (1/2)(P₃ - P₂)(Q₁ - Q₂). 
B)Loss of consumer surplus = (1/2)(P₃ - P₂)(Q₁ + Q₂). 
C)Loss of consumer surplus = (1/2)(P₃ + P₂)(Q₁ - Q₂). 
D)Loss of consumer surplus = (1/2)(P₃ + P₂)(Q₁ + Q₂).

Figure 8-2 -Refer to Figure 8-2.Which of the Following Equations Is Valid