Figure 6-23
-Refer to Figure 6-23.The effective price received by sellers after the tax is imposed is

Question

Figure 6-23 
-Refer to Figure 6-23.The effective price received by sellers after the tax is imposed is

Quizplus · Accepted Answer

The effective price received by sellers after the tax is imposed is $3. This is because the tax of $1 per unit shifts the supply curve to the left, reducing the quantity supplied at each price. As a result, the equilibrium price rises from $4 to $5, but the effective price received by sellers falls to $3.

Figure 6-23 -Refer to Figure 6-23.The Effective Price Received by Sellers After