Suppose the market demand for milk is  Qd = 40 – 4P Where Qd is millions of gallons demanded and P is price per gallon.  Suppose the market supply for milk is Qs = - 40/3 + 20/3P   Calculate tax revenue for tax rates of $3, $4 and $5 per gallon of milky. Tax revenue reaches a maximum at A.a tax rate greater than $5 per gallon of milk. B.$5 per gallon of milk. C.$4 per gallon of milk. D.$3 per gallon of milk.

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