16.Refer to Figure 8-1.Suppose the government imposes a tax of P' - P'''.Thearea measured by J+K+L+M representsa.total surplus after the tax.b.total surplus before the tax.c.deadweight loss from the tax.d.tax revenue.
17.Refer to Figure 8-1.Suppose the government imposes a tax of P' - P'''.Thearea measured by K+L represents
18.Refer to Figure 8-1.Suppose the government imposes a tax of P' - P'''.The taxrevenue is measured by the area
19.Refer to Figure 8-1.Suppose the government imposes a tax of P' - P'''.Thearea measured by L+M+Y represents
20.Refer to Figure 8-1.Suppose the government imposes a tax of P' - P'''.Theproducer surplus before the tax is measured by the areaa. I+J+K.c.L+M+Y.b. I+Y.d.M.
21.Refer to Figure 8-1.Suppose the government imposes a tax of P' - P'''.The areameasured by M represents
22.Refer to Figure 8-1.Suppose the government imposes a tax of P' - P'''.Theproducer surplus after the tax is measured by the area
23.Refer to Figure 8-1.Suppose the government imposes a tax of P' - P'''.Thearea measured by J+K+I represents3
24.Refer to Figure 8-1.Suppose the government imposes a tax of P' - P'''.Theconsumer surplus before the tax is measured by the areaa. M.c.J.b. L+M+Y.d.J+K+I.
25.Refer to Figure 8-1.Suppose the government imposes a tax of P' - P'''.Thearea measured by J represents
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