-Refer to the information above to answer this question.What will be the equilibrium price and quantity if a $2 per unit excise tax is imposed on this product?
A)$11 and 40.
B)$11 and 80.
C)$10 and 50.
D)$10 and 70.
E)$7 and 40.

Question

-Refer to the information above to answer this question.What will be the equilibrium price and quantity if a $2 per unit excise tax is imposed on this product?
A)$11 and 40. 
B)$11 and 80. 
C)$10 and 50. 
D)$10 and 70. 
E)$7 and 40.

Quizplus · Accepted Answer

The Answer of 
-Refer to the information above to answer this question.What will be the equilibrium price and quantity if a $2 per unit excise tax is imposed on this product?
A)$11 and 40. 
B)$11 and 80. 
C)$10 and 50. 
D)$10 and 70. 
E)$7 and 40.

-Refer to the Information Above to Answer This Question