-In the figure above, if a tax of $2 per widget is imposed on sellers, then the price of widgets paid by the buyer will be

Name: -In the figure above, if a tax of $2 per widget is imposed on sellers, then the price of widgets paid by the buyer will be
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Question

Quizplus · Accepted Answer

The tax imposed on sellers will likely increase the price paid by buyers, but not necessarily by the full $2. Therefore, the price will be between the original price and the original price plus the tax.

-In the Figure Above, If a Tax of $2 Per