Figure 8-4 the Vertical Distance Between Points a and B Represents a Represents

question 84

Multiple Choice

Figure 8-4
The vertical distance between points A and B represents a tax in the market.

-Refer to Figure 8-4.The equilibrium price before the tax is imposed is

• A) $12, and the equilibrium quantity is 70.
• B) $8, and the equilibrium quantity is 100.
• C) $5, and the equilibrium quantity is 70.
• D) $5, and the equilibrium quantity is 100.

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