Figure 8-11 -Refer to Figure 8-11. the Price Labeled as P2 on as P2

question 357

Multiple Choice

Figure 8-11
-Refer to Figure 8-11. The price labeled as P2 on the vertical axis represents the

• A) difference between the price paid by buyers after the tax is imposed and the price paid by buyers before the tax is imposed.
• B) difference between the price received by sellers before the tax is imposed and the price received by sellers after the tax is imposed.
• C) price of the good before the tax is imposed.
• D) price of the good after the tax is imposed.

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