For the next 3 questions, use the following scenario: The graph below depicts the market for widgets. The government has imposed a tax on the production of widgets. Before the tax, the equilibrium price was $20 and the equilibrium quantity was 4. After the tax, the quantity is 2, the price the consumers face is $28, and the price the producers receive is $12.
Which of the following areas represents government revenue raised by the tax?
Group of answer choices
F
The sum of C and E
The sum of B and D
A
Flag question: Question 22
Question 224 pts
Calculate the amount of deadweight loss as a result of the tax.
Group of answer choices
16
32
12
20
Flag question: Question 23
Question 234 pts
Which of the following areas represents consumer surplus before the tax?
Group of answer choices
The sum of D, E, and F
A
The sum of A, B, and C
F
