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FIGURE #2 Price 2 10 9. 8 7 7+ 6+ 5 Tax Wedge 4+ 3+ S 2 D 10 20 30 40 50 60 to

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FIGURE #2 Price 2 10 9. 8 7 7+ 6+ 5 Tax Wedge 4+ 3+ S 2 D 10 20 30 40 50 60 to quantity Refer to Figure #2. The amount of the excise tax placed on the market in the above diagram is: a $11 b. $5 c. $1 d. $6 In Figure #2, consumer surplus is approximately: a $10 b. $50 @c. $40 d. $110

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