Figure 6-13

-Refer to Figure 6-13.What is the price sellers receive after the tax is imposed

Question

Figure 6-13
 
-Refer to Figure 6-13.What is the price sellers receive after the tax is imposed

Quizplus · Accepted Answer

The original equilibrium price without the tax is $10. After the tax is imposed, the new price the buyers pay becomes $12 (original price + tax of $2). However, the sellers only receive the price after the tax is deducted, which is $10. Therefore, the correct answer is B as it represents the new price buyers pay after the tax is imposed.

Figure 6-13 -Refer to Figure 6-13.What Is the Price Sellers Receive After