Exhibit 7-10
-Refer to Exhibit 7-10. What would the new equilibrium quantity be if the government assessed a tax of $3 per unit purchased on consumers?
A)50
B)60
C)55
D)45
E)65

Question

Exhibit 7-10 
-Refer to Exhibit 7-10. What would the new equilibrium quantity be if the government assessed a tax of $3 per unit purchased on consumers?
A)50 
B)60 
C)55 
D)45 
E)65

Quizplus · Accepted Answer

The new equilibrium quantity would be 50 because a tax on consumers would shift the demand curve leftward, leading to a decrease in the equilibrium quantity.

Exhibit 7-10 -Refer to Exhibit 7-10. What Would the New Equilibrium Quantity