CENGAGE | MINDTAP Q Search this course ? News Analysis: Airbnb Rentals: A New Source of Tax Revenue O X The following graph shows the supply and demand curves for Airbnb rentals in the hypothetical economy of Luxuria in 2010, two years after Airbnb launched; the equilibrium quantity of rentals was 160 rooms per day, and the equilibrium price was $140 per room. At that time, Luxuria was Tools enforcing tax regulations on the market for hotels, but it hadn't yet initiated a tax arrangement on room rentals through Airbnb. A-Z On the following graph, use the green rectangle (triangle symbols) to indicate the tax revenue the government could have collected in 2010 if it had ips levied a $40-per-room tax on Airbnb rentals. (Note: You will not be graded on your placement of this area on the graph.) ips (?) 200 Supply 2010 190 Potential Tax Revenue 180 Demand 2010 170 160 PRICE (Dollars per rental) 150 140 130 120 O 110 100 40 80 120 160 200 240 280 320 360 400 0 RENTALS (Rooms per day)