Suppose That a Market Is Initially in Equilibrium

question 55

Multiple Choice

Suppose that a market is initially in equilibrium.The initial demand curve is The initial supply curve is Suppose that the government imposes a $3 tax on this market.How much of this $3 is paid for by producers?

• A) $0.
• B) $1.
• C) $1.50.
• D) $2.

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