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

question 33

Multiple Choice

-Using the above table, a unit tax of $2 is imposed on the product. How much of the tax is paid by the consumer?

• A) $1
• B) $2
• C) $3
• D) unable to determine

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Definitions:

Grain

Small, hard seeds of cereal plants like wheat and rice, consumed as food.

Abbreviation

A shortened form of a word or phrase, used typically to save space or for convenience.

Ratio

Shows the relative sizes of two or more values.

Quart

A unit of liquid volume equivalent to a quarter of a gallon, or approximately 0.946 liters.