Answer Happy

FILL IN THE BLANK. Question 5 – 7 refer to Figure 1 below. After evaluating each question enter the
appropriate letters in a proper sequence in Canvas. All letters have a dot associated with them, and they
range from a – g. For example, you might enter “ab” or “abc” or “abcd” (no quotes). Important: Enter
the sequence clockwise. In some cases, multiple sequences of letters could be correct. I have accounted
for this in Canvas; that is, in these cases, any combination of letters that is correct will be marked
correct. Enter only one sequence of letters
5. [4] What is area representing the tax burden faced by the consumer? ________ 6. [4] How much tax revenue is collected? ________ 7. [4] What is the excess burden associated with this tax? ________
5. [4] What is area representing the tax burden faced by the consumer? ________
6. [4] How much tax revenue is collected? ________
7. [4] What is the excess burden associated with this tax? ________
Figure 1 р Pya Px C P₂ of b d bo C Qy Qx D Sv Q