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I am trying to get the total tax revenue here but got stuck. Given: The market for peanuts is described by the following data assuming
I am trying to get the total tax revenue here but got stuck.
Given: The market for peanuts is described by the following data assuming linear demand and supply lines: SPrice Per Unit (P) 10 15 ti Demanded ( 1 ooo 500 uanti Su lied 1000 Use the above table to answer the question, assuming the government imposes a per-unit tax of $5 on peanuts and there is no tax evasion. Total Tax revenue equals Sl ,850 $1,000 None of these are correct ssoo aructure.com'courses/1326702/qLAzzes.t2111720 Page 14 32
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