Graph 6-10

-In Graph 6-10, the equilibrium price before the tax is:

Name: Graph 6-10 -In Graph 6-10, the equilibrium price before the tax is:
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Question

Graph 6-10
 
-In Graph 6-10, the equilibrium price before the tax is:

Quizplus · Accepted Answer

In Graph 6-10, the equilibrium price before the tax is where the supply and demand curves intersect without any external intervention, which is at point B11. Therefore, the correct option is P₁. Option A and C are incorrect as they do not represent the equilibrium price before the tax.

Graph 6-10 -In Graph 6-10, the Equilibrium Price Before the Tax Is