if-the-tax-revenue-is-represented-by-areas-b-d-what-portion-of-the-lost-consumer

Question

If the tax revenue is represented by areas B + D, what portion of the lost consumer and producer surplus does it account for?

Accepted Answer

It accounts for the lost surplus from both consumers and producers.

Answer

It only accounts for the lost producer surplus.

Answer

It only accounts for the lost consumer surplus.

Answer

It does not account for any lost surplus.