(Figure: an Excise Tax)Use Figure: an Excise Tax

question 159

Multiple Choice

(Figure: An Excise Tax) Use Figure: An Excise Tax.If an excise tax equal to $1.10 is imposed on this good,then the price paid by consumers will:

• A)rise by $1.10.
• B)rise by $1.33.
• C)not rise.
• D)rise by $0.50.