Question 34 Refer to the Figure 2-1 . What is consumer surplus after the tax? You can answer this in one (or more) of the following ways: Paste a picture or drawing of where to visually find the...


Question 34



Refer to the

Figure 2-1
. What is consumer surplus after the tax?



You can answer this in one (or more) of the following ways:



  1. Paste a picture or drawing of where to visually find the consumer surplus on the graph.

  2. Describe in words where on a graph you would find consumer surplus (ex:  in relation to supply curve, demand curve, above or below or between certain price or quantities)

  3. Calculate the consumer surplus numerically.

  4. Describe conceptually what the consumer surplus is in this context.




Figure 2-1<br>20 Trice<br>18<br>16<br>14<br>12<br>10<br>6.<br>4<br>D<br>10 20 30 40 50 60 70 80 quantity<br>

Extracted text: Figure 2-1 20 Trice 18 16 14 12 10 6. 4 D 10 20 30 40 50 60 70 80 quantity

Jun 10, 2022
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