How would I calculate the government revenue of a tax of $80 ,$40, and $120 using this graph? 200Supply180160140120100806040Demand2010,00030,00050,00070,000Quantity of bungee jumpsPrice of bungee jumps ($)

When the tax rate increases by $40, the supply curve shifts upwards. The difference between the…

Answered: 200 Supply 180 160 140 120 100 80 60 40…

200 Supply 180 160 140 120 100 80 60 40 Demand 20 10,000 30,000 50,000 70,000 Quantity of bungee jumps Price of bungee jumps ($)

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter3: Your Role As A Consumer

Section3.3: Consumerism

Problem 5R

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How would I calculate the government revenue of a tax of $80 ,$40, and $120 using this graph?

200
Supply
180
160
140
120
100
80
60
40
Demand
20
10,000
30,000
50,000
70,000
Quantity of bungee jumps
Price of bungee jumps ($)

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