Figure market for hamburgers the accompanying figure

Info icon This preview shows pages 8–12. Sign up to view the full content.

View Full Document Right Arrow Icon
22. (Figure: Market for Hamburgers) The accompanying figure shows the weekly market for hamburgers at the Tasty Burger Palace. If the market is originally in equilibrium and the government then imposes an excise tax of $0.80 per unit of the good sold, the government's revenue from the tax will be: A) $240. B) $105. C) $90. D) $175. 23. (Figure: Market for Hamburgers) The accompanying figure shows the weekly market for hamburgers at the Tasty Burger Palace. The maximum total surplus for the market for the Palace burgers is ______ and it occurs at a price equal to ______.
Image of page 8

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon