According to the graph below, which of the following are correct? Consumer Surplus ofter Lax is $18 Total Surplus ofter Lax is $84 Government Revenue is $48 Deadweight Loss is $8 Total Surplus before tax is $100 Producer Surplus ofter tax is $36 Producer Surplus before Lax is $50 Deadweight Loss is $20 Government Revenue is $24 Consumer Surplus before tax is $50

According to the graph below, which of the following are correct? Consumer Surplus ofter Lax is $18 Total Surplus ofter Lax is $84 Government Revenue is $48 Deadweight Loss is $8 Total Surplus before tax is $100 Producer Surplus ofter tax is $36 Producer Surplus before Lax is $50 Deadweight Loss is $20 Government Revenue is $24 Consumer Surplus before tax is $50

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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