Use the following to answer questions: Table: Unit Taxes $$\begin{array} { l | c c }
\hline &\text{ Price with no tax} & \begin{array} { c }
\text { Price with \$4 per unit } \
\text { tax placed on sellers }
\end{array} \
\hline \text { Price paid by buyers }& \$ 55 & ? \
\text { Price received by sellers } & 55 & \$53.50 \
\hline
\end{array}$$
-(Table: Unit Taxes) Because of the $4 tax in the accompanying table, buyers are paying ______ per unit and sellers are receiving _______ per unit.

Question

Use the following to answer questions: Table: Unit Taxes $$\begin{array} { l | c c } 
\hline  &\text{ Price with no tax} & \begin{array} { c } 
\text { Price with \$4 per unit } \
\text { tax placed on sellers }
\end{array} \
\hline  \text { Price paid by buyers }& \$ 55 & ? \
 \text { Price received by sellers } & 55 & \$53.50 \
\hline
\end{array}$$
-(Table: Unit Taxes) Because of the $4 tax in the accompanying table, buyers are paying ______ per unit and sellers are receiving _______ per unit.

Quizplus · Accepted Answer

The price received by sellers decreased by $1.50 (from $55 to $53.50), so the price paid by buyers must have increased by $2.50 to account for the $4 tax.

Use the Following to Answer Questions: Table: Unit Taxes -(Table: Unit Taxes) Because of the $4 Tax in the