Refer to the graph shown. Assume that the market is initially in equilibrium at a price of $6 and a quantity of 40 units. If the government imposes a $2 per-unit tax on this product, it will collect tax revenue in the amount of: P 10 □9876STMNTO 5 4 3 O $60 $80 $100 S1 O $120 SO 0 10 20 30 40 50 60 70 80 90 100 Q Demand

Refer to the graph shown. Assume that the market is initially in equilibrium at a price of $6 and a quantity of 40 units. If the government imposes a $2 per-unit tax on this product, it will collect tax revenue in the amount of: P 10 □9876STMNTO 5 4 3 O $60 $80 $100 S1 O $120 SO 0 10 20 30 40 50 60 70 80 90 100 Q Demand

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Please give me correct answer with full explanation and calculation; otherwise, i give downvote
N4
Can you explain why this isn’t 60? I thought it was base times height times 1/2