Multiple Choice
The diagram below shows supply and demand diagrams (S and D) for some product.The government then imposes an excise tax.The new supply curve is .
FIGURE 18-4
-Refer to Figure 18-4.What is the dollar value of the direct burden of this tax?
A) -$30
B) $30
C) $90
D) $180
E) $450
Correct Answer:
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