Figure 6-11
-Refer to Figure 6-11.The effective price sellers receive after the tax is imposed is

Question

Figure 6-11 
-Refer to Figure 6-11.The effective price sellers receive after the tax is imposed is

Quizplus · Accepted Answer

The effective price sellers receive after the tax is equal to the selling price minus the amount of tax they have to pay per unit. In this case, the selling price is $4.00 and the tax per unit is $0.50. So, the effective price sellers receive is $3.50 ($4.00 - $0.50). Hence, option B is the correct answer.

Figure 6-11 -Refer to Figure 6-11.The Effective Price Sellers Receive After the Receive