Use the figure below to answer the following question(s) .
Figure 4-8
-Refer to Figure 4-8. The supply curve S₁ and the demand curve D indicate initial conditions in the market for soft coal. A $40-per-ton tax on soft coal is levied, shifting the supply curve from S₁ to S₂. Imposing the tax increases the equilibrium price of soft coal from

Question

Use the figure below to answer the following question(s) .
Figure 4-8

-Refer to Figure 4-8. The supply curve S₁ and the demand curve D indicate initial conditions in the market for soft coal. A $40-per-ton tax on soft coal is levied, shifting the supply curve from S₁ to S₂. Imposing the tax increases the equilibrium price of soft coal from

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The Answer of Use the figure below to answer the following question(s). Figure 4-8 -Refer to Figure 4-8. The supply curve S₁ and the demand curve D indicate initial conditions in the market for soft coal. A $40-per-ton tax on soft coal is levied, shifting the supply curve from S₁ to S₂. Imposing the tax increases the equilibrium price of soft coal from A) $20 to $60 per ton. B) $20 to $50 per ton. C) $50 to $60 per ton. D) $50 to $90 per ton.

Use the Figure Below to Answer the Following Question(s)