Figure: An Excise Tax
(Figure: An Excise Tax) Look at the figure An Excise Tax.If an excise tax equal to $1.10 is imposed on this good, then the price paid by consumers will:
A.rise by $1.10.
B.rise by $1.33.
C.not rise.
D.rise by $0.50.

Question

Figure: An Excise Tax
   (Figure: An Excise Tax) Look at the figure An Excise Tax.If an excise tax equal to $1.10 is imposed on this good, then the price paid by consumers will: 
A.rise by $1.10.
B.rise by $1.33.
C.not rise.
D.rise by $0.50.

Quizplus · Accepted Answer

The Answer of Figure: An Excise Tax
   (Figure: An Excise Tax) Look at the figure An Excise Tax.If an excise tax equal to $1.10 is imposed on this good, then the price paid by consumers will: 
A.rise by $1.10.
B.rise by $1.33.
C.not rise.
D.rise by $0.50.

Figure: an Excise Tax