-The above figure depicts the market for video games. If the government imposed a $3 per game tax on sellers, what would be the new equilibrium price paid by consumers after the tax?

Question

Quizplus · Accepted Answer

When a tax is imposed on sellers, the supply curve shifts upward by the amount of the tax. This typically results in a higher equilibrium price paid by consumers, which would be more than $27 per game.

-The Above Figure Depicts the Market for Video Games