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The Following Question Are Based on the Following Diagram

Question 68

Multiple Choice

The following question are based on the following diagram:
The following question are based on the following diagram:    -Suppose a sales tax on the commodity is imposed where S and D are the market supply and demand curves before the tax was levied.The equilibrium price with the tax is A)  $6. B)  $6.40. C)  $7. D)  $7.40. E)  somewhere between $6.40 and $7.
-Suppose a sales tax on the commodity is imposed where S and D are the market supply and demand curves before the tax was levied.The equilibrium price with the tax is


A) $6.
B) $6.40.
C) $7.
D) $7.40.
E) somewhere between $6.40 and $7.

Correct Answer:

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