Given the Supply and Demand Curves Shown in the Figure

question 66

Multiple Choice

Given the supply and demand curves shown in the figure below, a $1 tax on sales should be expected to cause:

• A)price to increase by $1 with quantity unchanged.
• B)quantity to fall with price left unchanged.
• C)no change in either price or quantity.
• D)price to rise and quantity to fall.
• E)quantity to increase with price left unchanged.

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