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Question 231

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Use the following to answer questions:
Figure: The Market for Yachts Use the following to answer questions: Figure: The Market for Yachts -(Figure: The Market for Yachts) Look at the figure The Market for Yachts. If the government imposes a $30,000 tax on yachts (collected from the producers) , the price of yachts will rise to _____ and the government will collect _____. 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) Look at the figure The Market for Yachts. If the government imposes a $30,000 tax on yachts (collected from the producers) , the price of yachts will rise to _____ and the government will collect _____.


A) $100,000; $120 million
B) $120,000; $90 million
C) $140,000; $90 million
D) $160,000; $120 million

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