The Graph Shown Demonstrates a Tax on Sellers

question 151

Multiple Choice

The graph shown demonstrates a tax on sellers. Before the tax was imposed, the buyers purchased _______ units and paid _______ for each one.

• A) 15; $16
• B) 15; $6
• C) 31; $9
• D) 31; $19

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Definitions:

Inventory Holdings

The quantity of goods and materials on hand that are available for sale or for use in production processes.