Refer to the information provided in Figure 4.1 below to answer the question(s) that follow. Figure 4.1
-Refer to Figure 4.1. If a 10-cent-per-apple tax is levied on imported apples, the United States will
A) import 2 million apples per day.
B) import 4 million apples per day.
C) import 6 million apples per day.
D) import 8 million apples per day.

Question

Refer to the information provided in Figure 4.1 below to answer the question(s) that follow.  Figure 4.1
-Refer to Figure 4.1. If a 10-cent-per-apple tax is levied on imported apples, the United States will
A) import 2 million apples per day. 
B) import 4 million apples per day. 
C) import 6 million apples per day. 
D) import 8 million apples per day.

Quizplus · Accepted Answer

The tax will shift the supply curve to the left, reducing the equilibrium quantity to 2 million apples per day.

Refer to the Information Provided in Figure 4