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. What is the per-unit tax equal to?
A) $1.00
B) $2.25
C) $0.25
D) $4.00
E) $1.25
Correct Answer:
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Q88: If the demand for a good is
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