Figure 18-1

-According to the graph in Figure 18-1, the increase in the amount that consumers pay as a result of the tax is
A)1000
B)600
C)400
D)indeterminate

Question

Figure 18-1
 
-According to the graph in Figure 18-1, the increase in the amount that consumers pay as a result of the tax is
A)1000 
B)600 
C)400 
D)indeterminate

Quizplus · Accepted Answer

The graph likely shows the tax burden shared between consumers and producers, and the increase in the amount consumers pay is the difference in price before and after the tax, which is 400.

Figure 18-1 -According to the Graph in Figure 18-1, the Increase in 18-1