Graph 8-1
-According to Graph 8-1, the price sellers receive after the tax is:
A)P₃
B)P₂
C)P₁
D)impossible to determine

Question

Graph 8-1 
-According to Graph 8-1, the price sellers receive after the tax is:
A)P₃ 
B)P₂ 
C)P₁ 
D)impossible to determine

Quizplus · Accepted Answer

The price sellers receive after the tax is equal to the equilibrium price (P₂) minus the amount of the tax (T). Therefore, the correct answer is P₂ as it represents the price at which sellers are willing to sell, and buyers are willing to buy after the tax is imposed.

Graph 8-1 -According to Graph 8-1, the Price Sellers Receive After the Receive