-The graph shows the market for textbooks.If the government introduces a tax of $20 a textbook,then the price paid by buyers ________.
A) increases by $20
B) increases to $80 a textbook
C) decreases to $60 a textbook
D) is $70 a textbook
E) does not change because the demand for textbooks is perfectly elastic

Question

-The graph shows the market for textbooks.If the government introduces a tax of $20 a textbook,then the price paid by buyers ________.
A) increases by $20 
B) increases to $80 a textbook 
C) decreases to $60 a textbook 
D) is $70 a textbook 
E) does not change because the demand for textbooks is perfectly elastic

Quizplus · Accepted Answer

The Answer of 
-The graph shows the market for textbooks.If the government introduces a tax of $20 a textbook,then the price paid by buyers ________.
A) increases by $20 
B) increases to $80 a textbook 
C) decreases to $60 a textbook 
D) is $70 a textbook 
E) does not change because the demand for textbooks is perfectly elastic

-The Graph Shows the Market for Textbooks