14-17. A consumer has a demand curve for a good X given by the following function: P =12-(1/3)X osXslz =9.5-(1/8)X 12sXs76 where X is the number units purchased each month and P is measured in dollars. The demand function is shown in the diagram below. The good cannot be stored, but must be used in the month it is purchased. Questions 14 through 17 concern this consumer. Price 1 2 0 12 76 Quantity 14. If the price of X is set at $2 per unit, the consumer surplus gained by this consumer each month through purchasing X will be: A) $216 B) $244 C) $168 D) $144 E) $432 F) $240 G) $400 H) $360 1) $384 J) None of the above. 15. One month, this consumer receives a special promotional offer through the mail offering a special deal for one month only: instead of having to pay $2 per unit, the consumer will be allowed to consume unlimited amounts of this good X if the consumer makes an all-inclusive payment of $????. Unfortunately, as you can see, the amount of the all-inclusive fee is missing, having been obscured by a printing error. Intrigued, the consumer decides to call up the company to find out what the missing all- inclusive payment is. Given what we have learned, we predict that the consumer will decide to take the special promotional offer only if the fee is less than: A) $4 B) $64 C) $120 D) $136 E) $176 F) $96 G) $72 H) $121 1) $312 J) $240 16. Now forget about the allinclusive fee and return to the initial situation in which the consumer is charged a price of $2 per unit. Suppose that the government imposes a tax of $8 per unit on this good, and that the effect of the tax falls entirely on consumers (so that the price paid by consumers rises to $10). The tax revenue raised by such a tax would be: A) $6 B) $12 C) $16 D) $24 E) $32 F) $40 G) $48 H) $56 1) $60 J) $64 17. Continue with the tax described in question 16. The deadweight loss associated with such a tax would be: A) $48 B) $186 C) $240 D) $234 E) $190 F) $192 G) $54 H) $296 1) $246 J) $136