Figure 8-5 -Refer to Figure 8-5.If the Tax Is Imposed in This

question 184

Multiple Choice

Figure 8-5

-Refer to Figure 8-5.If the tax is imposed in this market,what price would the buyers pay for the good

• A)$2
• B)$6
• C)$10
• D)$16

---

Definitions:

James Oglethorpe

A British general and philanthropist, best known for founding the colony of Georgia as a place for debtors and the poor of Britain to start anew.

Georgia

A state located in the southeastern region of the United States, known for its diverse geography from beaches to mountains and its significant history dating back to the colonial era.

Fugitive Carolina Slaves

Escaped slaves from the Carolina regions who sought freedom from their oppressors, often heading towards regions where slavery was abolished or less enforced.

16th Century

A period from 1501 to 1600 marked by significant events such as the Renaissance, the Age of Exploration, and the Protestant Reformation in Europe.