Refer to Figure 8-2. The imposition of the tax causes the price received by sellers to Figure 8-2 The vertical distance between points A and B represents a tax in the market. 12- 11 10 Price Supply 6 5+ 2 Demand 05 1 15 2 25 3 35 45 5 Quantity increase by $5. decrease by $4. increase by $3. decrease by $2.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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13) Refer to Figure 8-2. The imposition of the tax causes the price received by sellers to
Figure 8-2
The vertical distance between points A and B represents a tax in the market.
000
↑ Price
12
11+
10-
Supply
9
2-
1-
Demand
05 1 15 2 25 3 35 4 455
increase by $5.
decrease by $4.
increase by $3.
decrease by $2.
esc
F1
F2
-
1
@
2
2
OCT
24
80
F3
000
OOO
F4
F5
(2
#3
#
$
64
%
A
5
Transcribed Image Text:13) Refer to Figure 8-2. The imposition of the tax causes the price received by sellers to Figure 8-2 The vertical distance between points A and B represents a tax in the market. 000 ↑ Price 12 11+ 10- Supply 9 2- 1- Demand 05 1 15 2 25 3 35 4 455 increase by $5. decrease by $4. increase by $3. decrease by $2. esc F1 F2 - 1 @ 2 2 OCT 24 80 F3 000 OOO F4 F5 (2 #3 # $ 64 % A 5
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