Refer to the below graph. How much is the total amount of tax revenue going to the government?

The graphs below illustrate the market for a product on which an excise tax has been imposed by government.



A. $77



B. $80



C. $42



D. $56

C. $42

Economics

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The majority of Medicaid dollars goes to poor families with children

Indicate whether the statement is true or false

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A good is classified as inferior if

a. consumers buy less when the price rises. b. consumers buy less when income rises. c. consumers buy less when the price falls. d. consumers buy more when income rises.

Economics