Figure: The Market for Yachts
(Figure: The Market for Yachts) Look at the figure The Market for Yachts.If the government imposes a $60,000 tax on yachts (collected from the producers), the price of yachts will rise to
________ and the government will collect tax revenue equal to _.
A.$100,000; $120 million
B.$120,000; $90 million
C.$140,000; $90 million
D.$160,000; $120 million

Question

Figure: The Market for Yachts
   (Figure: The Market for Yachts) Look at the figure The Market for Yachts.If the government imposes a $60,000 tax on yachts (collected from the producers), the price of yachts will rise to
________ and the government will collect tax revenue equal to _. 
A.$100,000; $120 million
B.$120,000; $90 million
C.$140,000; $90 million
D.$160,000; $120 million

Quizplus · Accepted Answer

The Answer of Figure: The Market for Yachts
   (Figure: The Market for Yachts) Look at the figure The Market for Yachts.If the government imposes a $60,000 tax on yachts (collected from the producers), the price of yachts will rise to
________ and the government will collect tax revenue equal to _. 
A.$100,000; $120 million
B.$120,000; $90 million
C.$140,000; $90 million
D.$160,000; $120 million

Figure: the Market for Yachts