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1 point To raise revenue, the mayor decides to charge hotels a tax of $10 per rented room. After the tax is imposed, the going
1 point To raise revenue, the mayor decides to charge hotels a tax of $10 per rented room. After the tax is imposed, the going rate for hotel rooms rises to $108, and the number of rooms rented falls to 900. The tax revenue collected will be $ type your answer.. and the deadweight loss created will be $ type your answer.. 7 1 point The mayor now doubles the tax to $20. The price rises to $116, and the number of rooms rented falls to 800. The tax revenue with this larger tax is $ type your answer. and the deadweight loss is $ type your
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