Consider the market to be in equilibrium with demand curve D and supply curve S.
-Refer to the diagram above.Suppose that a $1 per-unit tax is imposed on sellers.The new equilibrium price is ______ and the new equilibrium quantity is ______ units.
A) $9.20;7
B) $8.88;8
C) $8.80;7
D) $8.20;7
E) $8.20;8

Question

Consider the market to be in equilibrium with demand curve D and supply curve S.
-Refer to the diagram above.Suppose that a $1 per-unit tax is imposed on sellers.The new equilibrium price is ______ and the new equilibrium quantity is ______ units.
A) $9.20;7 
B) $8.88;8 
C) $8.80;7 
D) $8.20;7 
E) $8.20;8

Quizplus · Accepted Answer

The Answer of  Consider the market to be in equilibrium with demand curve D and supply curve S.
-Refer to the diagram above.Suppose that a $1 per-unit tax is imposed on sellers.The new equilibrium price is ______ and the new equilibrium quantity is ______ units.
A) $9.20;7 
B) $8.88;8 
C) $8.80;7 
D) $8.20;7 
E) $8.20;8

Consider the Market to Be in Equilibrium with Demand Curve