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Unit 3B Quiz 2

Unit 3B Quiz 2

Q Question 1 1 / 1 pts Figure 8-1 Refer to Figure 8-1. Suppose the government imposes a tax of P' - P'''. The area measured by M represents Question 2 1 / 1 pts Figure 8-2 The vertical distance between points A and B represents a tax in the market. Refer to Figure 8-2. The imposition of the tax causes the quantity sold to Question 3 1 / 1 pts Figure 8-1 Refer to Figure 8-1. Suppose the government imposes a tax of P' - P'''. The consumer surplus before the tax is measured by the area Question 4 1 / 1 pts Figure 8-1 Refer to Figure 8-1. Suppose the government imposes a tax of P' - P'''. The area measured by J+K+I represents Question 5 1 / 1 pts Figure 8-2 The vertical distance between points A and B represents a tax in the market. Refer to Figure 8-2. The loss of consumer surplus as a result of the tax is

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1 producer surplus after the tax. 2 decrease by 1 unit.