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-The Figure Above Illustrates the Gasoline Market

Question 70

Multiple Choice

-The figure above illustrates the gasoline market.There is no external benefit from gasoline.If a tax on gasoline is imposed as shown in the figure,then the total tax revenue earned by the government equals A) $24 million. B) $16 million. C) $8 million. D) more than $24 million. E) less than $8 million.
-The figure above illustrates the gasoline market.There is no external benefit from gasoline.If a tax on gasoline is imposed as shown in the figure,then the total tax revenue earned by the government equals


A) $24 million.
B) $16 million.
C) $8 million.
D) more than $24 million.
E) less than $8 million.

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