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Unformatted text preview: 1. ANSWER: WITHOUT TAX WITH TAX CHANGE Consumer surplus A + B + C A –(B + C) Producer surplus D + E + F F –(D + E) Tax revenue None B + D (B + D) Total surplus A + B + C + D + E + F A + B + D + F –(C + E) 2. ANSWER: a. $6, 84 b. 66 c. 44 d. $384 e. $294 f. $45 g. $80 h. $44 i. $11...
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This note was uploaded on 10/22/2009 for the course ARE 201 taught by Professor Eryuruk during the Fall '08 term at N.C. State.
- Fall '08