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Refer to the Graph

Question 292

Multiple Choice

Refer to the graph. Assume the market for this product is in equilibrium at the intersection of D ₂ and S ₁. The shift in supply from S ₁ to S ₂ is due to an excise tax imposed on the product. How much is the tax per unit of product? A) $2 B) $3 C) $4 D) $6 Refer to the graph. Assume the market for this product is in equilibrium at the intersection of D ₂ and S ₁. The shift in supply from S ₁ to S ₂ is due to an excise tax imposed on the product. How much is the tax per unit of product?


A) $2
B) $3
C) $4
D) $6

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