Refer to the graph shown. Assume that the market is initially in equilibrium at a price of $10 and a quantity of 500 units. If the government imposes a $4 per-unit tax on this product, the equilibrium price will change to: 
Definitions:
Independent Variable
An independent variable is one that is manipulated or categorised to observe its effect on a dependent variable.
New Yorkers
Residents or natives of New York City or the state of New York.
Dependent Variable
The variable in an experiment or study that is expected to change as a result of manipulations to the independent variable.
Telecommuting Policies
Guidelines that govern the practices and conditions under which employees can work from locations outside the traditional office.
Q5: How are price ceilings similar to taxes?
Q22: If the world supply curve is S<sub>W0</sub>,
Q32: Refer to the graph shown. When the
Q72: Immediately after World War II, the United
Q93: The U.S. textile industry is relatively small
Q98: Refer to the graph shown. The free
Q100: If the world supply curve is S<sub>W0</sub>,
Q116: Compute the approximate elasticity of supply from
Q137: Alex is playing his music at full
Q188: What is the key factor in determining