Figure 4-22 Refer to Figure 4-22. The equilibrium price in the market before the tax is imposed is
A) $1.00.
B) $3.50.
C) $5.00.
D) $6.00.

Name: Figure 4-22 Refer to Figure 4-22. The equilibrium price in the market before the tax is imposed is A) $1.00. B) $3.50. C) $5.00. D) $6.00.
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Question

Figure 4-22  Refer to Figure 4-22. The equilibrium price in the market before the tax is imposed is
A) $1.00. 
B) $3.50. 
C) $5.00. 
D) $6.00.

Quizplus · Accepted Answer

Before the tax is imposed, the equilibrium price is $5.00 where the demand and supply curve intersect.