-Refer to the Graph Above

question 4

Multiple Choice

-Refer to the graph above. Which of the following statements is correct?

• A) The amount of the tax per unit is R60.
• B) The tax leaves the size of the market unchanged.
• C) The tax is levied on buyers of the good, rather than on sellers.
• D) All of the above are correct.

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Definitions:

French

Relating to France or its people, language, or culture, known for its significant contributions to art, science, and philosophy, among other fields.

Dutch

Relating to the Netherlands, its people, or their language.

Trading Partners

Countries or entities that engage in the exchange of goods, services, and/or capital with one another.

English

Relates to the language originating from England, now widely spoken globally as a first or second language.