23outFigure 8-7Price$22-20-18-1614-1210-86-4-20-Tax-5 10 15 20 25 30 35 40 45 50QuantityRefer to Figure 8-7. What would the total surplus before the tax be?a. $250b. $200 XC. $300d. $350

Surplus means the excess of one thing in comparison with the other. Economics usually talks about…

Answered: Price $22 20 18 16 14- 12 10- 8 6 4 2 0…

Price $22 20 18 16 14- 12 10- 8 6 4 2 0 -Tax 5 10 15 20 25 30 35 40 45 50 a. $250 ob. $200 * S Refer to Figure 8-7. What would the total surplus before the tax be? C. $300 d. $350 Quantity

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Question

23
out
Figure 8-7
Price
$22-
20-
18-
16
14-
12
10-
8
6-
4-
2
0
-Tax-
5 10 15 20 25 30 35 40 45 50
Quantity
Refer to Figure 8-7. What would the total surplus before the tax be?
a. $250
b. $200 X
C. $300
d. $350

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What is producer and consumer surplus AFTET tax?