Exhibit 19-2 -Refer to Exhibit 19-2. The market for good X is initially in equilibrium at $5. The government then places a per-unit tax on good X, as shown by the shift of S₁ to S₂. As a result, A)consumers end up paying $6.25 per unit, and producers end up receiving $5.00 per unit, but keeping only $4.00 per unit. B)consumers end up paying $6.25 per unit, and producers end up receiving and keeping $4.00 per unit. C)consumers end up paying $5.00 per unit, and producers end up receiving and keeping $5.00 per unit. D)consumers end up paying $6.25 per unit, and producers end up receiving $6.25 per unit, but keeping only $4.00 per unit. E)none of the above

Question

Quizplus · Accepted Answer

The Answer of Exhibit 19-2 -Refer to Exhibit 19-2. The market for good X is initially in equilibrium at $5. The government then places a per-unit tax on good X, as shown by the shift of S₁ to S₂. As a result, A)consumers end up paying $6.25 per unit, and producers end up receiving $5.00 per unit, but keeping only $4.00 per unit. B)consumers end up paying $6.25 per unit, and producers end up receiving and keeping $4.00 per unit. C)consumers end up paying $5.00 per unit, and producers end up receiving and keeping $5.00 per unit. D)consumers end up paying $6.25 per unit, and producers end up receiving $6.25 per unit, but keeping only $4.00 per unit. E)none of the above

Exhibit 19-2 ​

Exhibit 19-2