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Refer to Figure 8-1.Suppose the government imposes a tax of \( \mathrm{P}^{\prime}-\mathrm{P}^{\pr ...
Refer to Figure 8-1.Suppose the government imposes a tax of \( \mathrm{P}^{\prime}-\mathrm{P}^{\prime \prime} \). Total surplus after the tax is measured by the area Select one: a. \( \mathrm{J}+\mathrm{K}+\mathrm{L}+\mathrm{M} \). b. \( \mathrm{I}+\mathrm{J}+\mathrm{K}+\mathrm{L}+\mathrm{M}+\mathrm{Y} \). C. \( \mathrm{I}+\mathrm{Y} \). d. \( \mathrm{I}+\mathrm{Y}+\mathrm{B} \).