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Refer to the Graph Shown

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Refer to the graph shown. Assume the market is initially in equilibrium at point b in the graph but the imposition of a per-unit tax on this product shifts the supply curve up from S0 to S1. The effect of the tax is to raise equilibrium price from: Refer to the graph shown. Assume the market is initially in equilibrium at point b in the graph but the imposition of a per-unit tax on this product shifts the supply curve up from S<sub>0</sub> to S<sub>1</sub>. The effect of the tax is to raise equilibrium price from:   A)  P<sub>1</sub> to P<sub>1</sub> + t. B)  P<sub>1</sub> to P<sub>2</sub>. C)  P<sub>2</sub> − t to P<sub>2</sub>. D)  P<sub>2</sub> − t to P<sub>1</sub> + t.

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Definitions:

Gymnosperms

A group of seed-producing plants that includes conifers, cycads, Ginkgo, and gnetophytes, characterized by unenclosed or "naked" seeds.

Microphylls

Small, often single-veined leaves found on some plants, particularly those belonging to the lycophytes group.

Club Mosses

Ancient plants belonging to the division Lycophyta that resemble true mosses superficially but have vascular tissue and reproduce by spores.

Whisk Ferns

Fern relatives lacking true roots and leaves; characterized by dichotomous branching.

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