33. At the initial equilibrium, the price of oil is 61 dollars per barrel and the quantity is 9000 barrels per day. The price elasticity of demand for oil is 1.3 and the price elasticity of supply is 0.45. Because of worldwide economic recovery from the pandemic, quantity demanded for oil is expected to increase by 270 barrels per day at any given price. The following table shows the demand and supply schedule of chocolate. If the government imposes $2 per-unit tax to consumers, evaluate whether the following statements are True or False. Price ($ per unit) Quantity Demanded (units) Quantity Supplied (units) 8 40 80 7 50 70 6 60 60 5 70 50 4 80 40 A) Producer's total revenue with the $2 per-unit tax is higher than that without the tax. [ Answer33A ] (T. True, F. False) B) Government tax revenue equals $140. [ Answer33B ] (T. True, F. False) C) Price received by producers becomes $7. [ Answer33C ] (T. True, F. False)