The price paid by buyers minus the price paid by sellers equals:

Question

Quizplus · Accepted Answer

The difference between the price paid by buyers and the price paid by sellers is known as the equilibrium price. When a tax is imposed, it changes the equilibrium price, leading to a difference between the price paid by buyers and sellers. This difference remains the same, whether the tax is imposed on buyers or sellers. Therefore, the price paid by buyers minus the price paid by sellers equals the tax, regardless of whether it is imposed on buyers or sellers.

The Price Paid by Buyers Minus the Price Paid by Sellers