Consider the Market to Be in Equilibrium with Demand Curve

question 160

Multiple Choice

Consider the market to be in equilibrium with demand curve D and supply curve S.
-Refer to the diagram above.Suppose that a $1 per-unit tax is imposed on sellers.The total tax revenue raised is

• A) $7.
• B) $5.60.
• C) $4.80.
• D) $2.80.
• E) $1.

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