Economics 0455 · IGCSE · Fiscal policy

Fiscal policy — practice question

The diagram illustrates the effect of a government levying an indirect tax on a good. The initial demand curve is $D_1$ and the initial supply curve is $S_1$. What total tax revenue does the government obtain?

  • A$1600$
  • B$3200$
  • C$4800$
  • D$5000$

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