Figure: The Market for Yachts
(Figure: The Market for Yachts) Look at the figure The Market for Yachts.A price of
________ will bring about the same price and output in the market for yachts as would an excise tax of $30,000.
A.ceiling; $80,000
B.ceiling; $100,000
C.floor; $120,000
D.floor; $140,000

Question

Figure: The Market for Yachts
   (Figure: The Market for Yachts) Look at the figure The Market for Yachts.A price of
________ will bring about the same price and output in the market for yachts as would an excise tax of $30,000. 
A.ceiling; $80,000
B.ceiling; $100,000
C.floor; $120,000
D.floor; $140,000

Quizplus · Accepted Answer

The Answer of Figure: The Market for Yachts
   (Figure: The Market for Yachts) Look at the figure The Market for Yachts.A price of
________ will bring about the same price and output in the market for yachts as would an excise tax of $30,000. 
A.ceiling; $80,000
B.ceiling; $100,000
C.floor; $120,000
D.floor; $140,000

Figure: the Market for Yachts