Check Out - SamsB. Understanding Rapis a Get started . dashboard enroll @ Minor-Fompal College of Arts and . @ Round trip CENGAGE | MINDTAP Homework (Ch DB) Instead, suppose the government taxes bus passes. The following graph shows the annual supply and demand for this good, as well as the supply curve shifted up by the amount of the proposed tax ($60 per pass). On the following graph, do for bus passes the same thing you did previously on the graph for concert tickets. Use the green rectangle (triangle symbols) to shade the area that represents tax revenue for bus passes. Then, use the black triangle (plus symbols) to shade the area that represents the deadweight loss associated with the tax. Bus Passes Market 190 Supply 106 Tax Revenue Deadweight Loss PRICE (Dollars per pass) 30 100 153 200 250 300 350 409 410 809 520 600 QUANTITY (Passes) Complete the following table with the tax revenue collected and deadweight loss caused by each of the tax proposals.ddashboard . caroll Minor Form.pdf In College of Arts and Round trip CENGAGE MINDTAP Homework (Ch 08) Supply S+Tan Tax Revenue Deadweight Loss PRICE (Dollars per pass) 50 100 160 260 250 300 350 460 450 508 20 609 QUANTITY (Passes) Complete the following table with the tas revenue collected and deadweight loss caused by each of the tax proposals. Tax Revenue Deadweight Loss If the Government Taxes... (Dollars) (Dollars) Concert tickets of $60 per ticket Bus passes at 450 per pass Suppose the government wants to tax the good that will generate more tax revenue at a lower welfare cost, In this cass, it should tax because, all else held constant, taking a good with a relatively elastic demand ponerates larger tax revenue and smaller deadweight loss