Multiple Choice
The figure above shows the demand (D) and supply (S) curves for insulin before any tax is imposed. The government imposes a $0.20 a dose tax on sellers of insulin.
-After the tax is imposed,the price paid by the buyer is ________,and the price received (and kept) by the seller is ________.
A) $2.20; $2.00
B) $2.00; $2.20
C) $2.00; $2.00
D) $2.20; $2.20
E) $2.00; $1.80
Correct Answer:
Verified
Related Questions