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Answer all mc The next ve questions involve the following diagram, which depicts a tax of 2 $10 per unit on consumers. a: PRICE o

Answer all mc

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The next ve questions involve the following diagram, which depicts a tax of 2 $10 per unit on consumers. a: PRICE o 72.5 .m 70 I"... 10 QUANTITY 47. Under the tax, what is the producer surplus? (A) $2,301.25. (B) $6,903.75. (C) $7,890. (D) Impossible to determine without more information. 48. Under the tax, what is the consumer surplus? (A) $2,630. (B) $2,301.25. (C) $6,903.75. (D) $7,890. 2Please note that there are NO typos in this diagram, and all of the information required to complete the question has been provided. 18

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