Use the following to answer questions:
Figure: Tax on Sellers
-(Figure: Tax on Sellers) In the diagram, sellers receive _____ without the tax and _____ with the tax.
A) $4; $3
B) $4; $7
C) $7; $3
D) $6; $4

Question

Use the following to answer questions:
Figure: Tax on Sellers 
-(Figure: Tax on Sellers) In the diagram, sellers receive _____ without the tax and _____ with the tax.
A) $4; $3 
B) $4; $7 
C) $7; $3 
D) $6; $4

Quizplus · Accepted Answer

Without the tax, sellers receive the market price of $4. With the tax, the price sellers receive is reduced to $3.

Use the Following to Answer Questions