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Advanced Placement (AP)

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The market for airplane tickets is in equilibrium as in the graph with the equilibrium price of $200 and equilibrium quantity of 100 tickets.
1. What is the total surplus without a tax? Answer = $ ____
2. What is the consumer surplus with a $100 tax per ticket? Answer = $ _
3. What is the tax revenue with a $100 tax per ticket? Answer = $ _
4. What is the total surplus with a $100 tax per ticket? Answer = $_
5. What is the deadweight loss with a $100 tax per ticket? Answer = $ ____

The market for airplane tickets is in equilibrium as in the graph with the equilibrium price of $200 and equilibrium quantity of 100 tickets. 1. What is the tot class=

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