-Using the Above Table, a Unit Tax of $2 Is

question 48

Multiple Choice

-Using the above table, a unit tax of $2 is imposed on the product. The equilibrium price of this product after the tax is imposed is

• A) $5.
• B) $4.
• C) $3.
• D) $2.

---

Definitions:

Numerator

The top number in a fraction, indicating how many parts of a whole are being considered.

Tablespoon

A unit of measure used in cooking, equivalent to approximately 15 milliliters.

Product

An item or substance that is manufactured or refined for sale.

Multiplying

The mathematical operation of increasing one number by the value of another, resulting in a total that is the product of the two numbers.