Figure 6-36
-Refer to Figure 6-36.If the government places a $2 tax in the market,the seller receives $6.

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

Figure 6-36 
-Refer to Figure 6-36.If the government places a $2 tax in the market,the seller receives $6.

Quizplus · Accepted Answer

If the government places a $2 tax, the price to the buyer increases by $2, making the new price $10. However, the seller only receives $4 ($10 - $2 tax). Therefore, the seller does not receive $6 with a $2 tax in place.

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