Figure 8-25
-Refer to Figure 8-25.Suppose the government increases the size of the tax on this good from $4 per unit to $6 per unit.Will the tax revenue collected from the tax increase,decrease,or stay the same?

Name: Figure 8-25 -Refer to Figure 8-25.Suppose the government increases the size of the tax on this good from $4 per unit to $6 per unit.Will the tax revenue collected from the tax increase,decrease,or stay the same?
Brand: Quizplus
Rating: 4.8 (34 reviews)

Question

Figure 8-25 
-Refer to Figure 8-25.Suppose the government increases the size of the tax on this good from $4 per unit to $6 per unit.Will the tax revenue collected from the tax increase,decrease,or stay the same?

Quizplus · Accepted Answer

The Answer is Total tax revenue will stay the same at $240.

Figure 8-25 -Refer to Figure 8-25.Suppose the Government Increases the Size of the Size