Figure 4-20
-Refer to Figure 4-20. The equilibrium price in the market before the tax is imposed is
A) $8.
B) $6.
C) $5.
D) $3.

Name: Figure 4-20 -Refer to Figure 4-20. The equilibrium price in the market before the tax is imposed is A) $8. B) $6. C) $5. D) $3.
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Question

Figure 4-20 
-Refer to Figure 4-20. The equilibrium price in the market before the tax is imposed is
A) $8. 
B) $6. 
C) $5. 
D) $3.

Quizplus · Accepted Answer

The equilibrium price is determined where the supply and demand curves intersect. In this scenario, the equilibrium price before the tax is imposed is $6.

Figure 4-20 -Refer to Figure 4-20. the Equilibrium Price in the Market