Use the Figure Below to Answer the Following Question(s)

question 271

Multiple Choice

Use the figure below to answer the following question(s) .
Figure 4-8

-Refer to Figure 4-8.The supply curve S₁ and the demand curve D indicate initial conditions in the market for soft coal.A $40-per-ton tax on soft coal is levied,shifting the supply curve from S₁ to S₂.Imposing the tax increases the equilibrium price of soft coal from

• A)$20 to $60 per ton.
• B)$20 to $50 per ton.
• C)$50 to $60 per ton.
• D)$50 to $90 per ton.

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Definitions:

Northern Iron Works

Historic foundries in the Northern United States, significant for their role in the industrialization era.

Separate Peace

An agreement to cease hostilities and settle peace terms independently, often by one party in a wider conflict without the consensus of its allies.

Confederate Nationalism

The patriotic sentiment and cultural identity that developed among the citizens of the Confederate States of America during the American Civil War.

Centralized Power

A form of governance in which all major decisions and authority are concentrated in a central government or authority figure.