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The diagram below shows supply and demand before (S and D) and after (ST) the government imposes an excise tax. P 48 44 40 36 32 28 24 20 16 12 8 4 0 ST FIGURE 18-5 S D 3000 6000 9000 12000 15000 18000 21000 Refer to Figure 18-5. Producers' total revenue before the excise tax is introduced is equal to A) $432 000. B) $294 000. C) $138 000. D) $84 000. E) $12 000.

The diagram below shows supply and demand before (S and D) and after (ST) the government imposes an excise tax. P 48 44 40 36 32 28 24 20 16 12 8 4 0 ST FIGURE 18-5 S D 3000 6000 9000 12000 15000 18000 21000 Refer to Figure 18-5. Producers' total revenue before the excise tax is introduced is equal to A) $432 000. B) $294 000. C) $138 000. D) $84 000. E) $12 000.

ECON MACRO
ECON MACRO
5th Edition
ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter3: Economic Decision Makers
Section: Chapter Questions
Problem 3.11P
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The diagram below shows supply and demand before (S and D) and after (ST) the government imposes an excise tax. P 48 44- 40 36 32 28 24 20 16 12 8 st 4 0 3000 FIGURE 18-5 # H 6000 S 9000 12000 15000 18000 21000 Q Refer to Figure 18-5. Producers' total revenue before the excise tax is introduced is equal to A) $432 000. B) $294 000. C) $138 000. D) $84 000. E) $12 000.
Transcribed Image Text:The diagram below shows supply and demand before (S and D) and after (ST) the government imposes an excise tax. P 48 44- 40 36 32 28 24 20 16 12 8 st 4 0 3000 FIGURE 18-5 # H 6000 S 9000 12000 15000 18000 21000 Q Refer to Figure 18-5. Producers' total revenue before the excise tax is introduced is equal to A) $432 000. B) $294 000. C) $138 000. D) $84 000. E) $12 000.
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