Use the following to answer questions:
Figure: Tax on Consumers of Gadgets
-(Figure: Tax on Consumers of Gadgets) Refer to the figure. What is the tax revenue that the government collects from the tax on gadgets?
A) $800
B) $3,200
C) $400
D) $200

Question

Use the following to answer questions:
Figure: Tax on Consumers of Gadgets 
-(Figure: Tax on Consumers of Gadgets) Refer to the figure. What is the tax revenue that the government collects from the tax on gadgets?
A) $800 
B) $3,200 
C) $400 
D) $200

Quizplus · Accepted Answer

The tax per gadget is $4 and the quantity of gadgets sold is 800. So the total tax revenue collected by the government is 4 x 800 = $3,200.

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