Graph 8-3
-According to Graph 8-3, the price sellers receive after the tax is:
A)$5
B)$10
C)$15
D)$20

Question

Graph 8-3  
-According to Graph 8-3, the price sellers receive after the tax is:
A)$5 
B)$10 
C)$15 
D)$20

Quizplus · Accepted Answer

The price sellers receive after the tax is determined by the new equilibrium price minus the tax amount. If the equilibrium price after tax is indicated on the graph and the tax amount is known, the price sellers receive is the equilibrium price minus the tax. Without the specific details from Graph 8-3, this is the general approach to determine the price sellers receive after a tax is imposed.