Figure 6-36
-Refer to Figure 6-36.If the government places a $2 tax in the market,the buyer pays $4.

Name: Figure 6-36 -Refer to Figure 6-36.If the government places a $2 tax in the market,the buyer pays $4.
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Question

Figure 6-36 
-Refer to Figure 6-36.If the government places a $2 tax in the market,the buyer pays $4.

Quizplus · Accepted Answer

If the government places a $2 tax in the market, the price paid by the buyer will increase by the amount of the tax, which means the buyer will now pay $7 ($5 original price + $2 tax).

Figure 6-36 -Refer to Figure 6-36.If the Government Places a $2 Tax