Refer to the Graph Shown

question 61

Multiple Choice

Refer to the graph shown. Initially, the market is in equilibrium with price equal to $25 and quantity equal to 100. As a result of a per-unit tax imposed by the government, the supply curve shifts from S₀ to S₁. The effect of the tax is to:

• A)raise the price consumers pay from $25 to $30.
• B)lower the price consumers pay from $25 to $15.
• C)raise the price sellers keep after paying the tax from $25 to $30.
• D)lower the price sellers keep after paying the tax from $25 to $20.

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