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

question 108

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 35.
• B)$8,and the equilibrium quantity is 50.
• C)$5,and the equilibrium quantity is 35.
• D)$5,and the equilibrium quantity is 50.