Graph 6-8
-According to Graph 6-8, the amount of the tax that sellers would pay would be:

Question

Graph 6-8 
-According to Graph 6-8, the amount of the tax that sellers would pay would be:

Quizplus · Accepted Answer

The amount of tax that sellers pay is determined by the difference between the price before the tax and the price they receive after the tax is imposed. This is visually represented on a supply and demand graph by the vertical distance between the supply curve before and after the tax is applied, at the quantity traded. If Graph 6-8 indicates that this distance corresponds to $1.50, then that is the amount of the tax paid by sellers.

Graph 6-8 -According to Graph 6-8, the Amount of the Tax That