Figure 8-7 the Vertical Distance Between Points a and B Represents a Represents

question 406

Multiple Choice

Figure 8-7
The vertical distance between points A and B represents a tax in the market.

-Refer to Figure 8-7.Before the tax is imposed,the equilibrium price is

• A) $16, and the equilibrium quantity is 15.
• B) $12, and the equilibrium quantity is 15.
• C) $12, and the equilibrium quantity is 25.
• D) $8, and the equilibrium quantity is 15.

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