Figure 8-3
The vertical distance between points A and C represents a tax in the market.
-Refer to Figure 8-3.The loss in consumer surplus caused by the tax is measured by the area
A)P1P3AC.
B)P3ABP2.
C)P1P3ABC.
D)ABC.

Question

Figure 8-3
The vertical distance between points A and C represents a tax in the market. 
-Refer to Figure 8-3.The loss in consumer surplus caused by the tax is measured by the area
A)P1P3AC. 
B)P3ABP2. 
C)P1P3ABC. 
D)ABC.

Quizplus · Accepted Answer

The Answer of Figure 8-3
The vertical distance between points A and C represents a tax in the market. 
-Refer to Figure 8-3.The loss in consumer surplus caused by the tax is measured by the area
A)P1P3AC. 
B)P3ABP2. 
C)P1P3ABC. 
D)ABC.

Figure 8-3 the Vertical Distance Between Points a and C Represents a Represents